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Gold Price Forecast: XAU/USD bulls target $4,380 buoyed by lower US yields
Gold (XAU/USD) consolidates gains after appreciating nearly $200 this week, buoyed by lower US Treasury yields as traders dial down bets of immediate Federal Reserve (Fed) rate hikes.
Thu, Aug 6
Coinbase UK launches 24/5 trading for 4,000 US stocks
Coinbase announced the launch of 4,000 US stocks available for trading in the United Kingdom (UK). The new product offering provides US market exposure for retail traders at zero commission, with the added benefit of fractional share trading.
Thu, Aug 6
Japanese Yen: Policy shifts weigh on JPY against US Dollar – Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen discusses renewed Japanese Yen (JPY) weakness following recent joint US-Japan FX intervention that briefly pushed USD/JPY below 156.
Thu, Aug 6
US Dollar: Data-dependent Fed keeps upside in check – OCBC
OCBC’s Christopher Wong and Sim Moh Siong note that softer US inflation and debate over the Fed’s reaction function have eroded US Dollar upside momentum, even as the Fed remains data dependent. Upcoming US employment data are seen as critical for policy direction.
Thu, Aug 6
Yen struggles to hold intervention gains and drifts towards 158.00
The Japanese Yen (JPY) is ticking lower against the US Dollar (USD) on Thursday, trimming gains after an exceptional US-Japan coordinated intervention triggered a 4.5% appreciation late last week.
Thu, Aug 6
Indian Rupee: Policy pause offers limited support – Commerzbank
Commerzbank’s Charlie Lay reports that the Reserve Bank of India kept the repo rate at 5.25% for a fourth meeting, maintaining a neutral stance. RBI sees recent inflation overshoot as supply-driven and trimmed its FY2026-2027 inflation forecast while lifting growth to 6.7%.
Thu, Aug 6
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $62.01 per troy ounce, broadly unchanged 0.06% from the $62.05 it cost on Wednesday.
Thu, Aug 6
Czech Koruna: Softer CNB guidance may weigh against euro – ING
ING strategist Frantisek Taborsky says July Czech inflation at 1.7% year-on-year should have limited impact on the Czech National Bank (CNB) meeting. He expects rates to stay at 3.75%, with guidance leaning more dovish than markets.
Thu, Aug 6
Brazilian Real: Cautious BCB easing offers limited support – Societe Generale
Societe Generale’s Dev Ashish notes that the central bank of the Brazil, Banco Central do Brasil (BCB) cut the Selic rate by 25bp to 14.0% as expected, extending a 100bp easing cycle since March.
Thu, Aug 6
Swedish Krona: Riksbank set to hold despite core pressure – Nomura
Nomura strategists highlight that Swedish CPIF ex-energy inflation surprised to the upside in July even as headline CPIF slowed, largely due to government fuel duty cuts and public transport subsidies.
Thu, Aug 6
Japanese Yen: Upside risk while stuck in range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight USD/JPY traded quietly between 157.27 and 157.87, closing at 157.74, with intraday momentum indicators flat. The pair is expected to stay in a 157.30–158.20 band near term.
Thu, Aug 6
Eurozone Retail Sales declines unexpectedly by 0.3% MoM in June
Eurozone Retail Sales contracted at a 0.3% pace Month-on-Month (MoM) in June, while they were anticipated to have risen moderately by 0.1% from 0.2% in May.
Thu, Aug 6
United States Dollar Index rebounds following Israeli airstrike in southern Lebanon
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two days of losses and trading around 99.80 during the European session on Thursday.
Thu, Aug 6
Australian Dollar remains depressed; downside seems limited as fiscal concerns weigh on Yen
The AUD/JPY cross attracts some sellers on Thursday, snapping a two-day winning streak and stalling this week's solid bounce move from its lowest level since late March.
Thu, Aug 6
Equities: Nvidia stands out as broader tech mood cools – Deutsche Bank
Deutsche Bank strategists say the global equity rally lost momentum near record highs as technology shares weakened. The S&P 500 edged lower and the Nasdaq underperformed, with AMD and semiconductor stocks retreating after recent gains.
Thu, Aug 6
Euro holds two-day gains against Yen, investors seek clarity on US-Japan future intervention plans
The Euro (EUR) clings to two-day gains against the Japanese Yen (JPY) at around 182.25 during the European trading session on Thursday.
Thu, Aug 6
Australian Dollar: RBA uneasy pause – Standard Chartered
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia (RBA) to keep the cash rate at 4.35% at its 11 August meeting, with no further hikes this year. Q2 core inflation and short-term expectations have eased, while the labour market has softened.
Thu, Aug 6
Canadian Dollar receives support from higher oil prices
USD/CAD loses ground for the second successive day, trading around 1.4010 during the European hours on Thursday.
Thu, Aug 6
EUR/GBP Price Forecast: Holding below 0.8580 with dips limited so far
The Euro (EUR) nudges lower against the British Pound (GBP) on Thursday, following a three-day rally. The EUR/GBP remains capped below the late-July top of 0.8586, trading at 0.8575 at the time of writing, yet with downside attempts subdued so far.
Thu, Aug 6
Dow Jones futures gain on tech-driven rally
Dow Jones futures rise 0.19% to trade around 54,600 during European hours on Thursday. Meanwhile, S&P 500 futures gain 0.09% to trade near 7,760, while Nasdaq 100 futures decline 0.35%, trading near 29,510.
Thu, Aug 6
