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US Dollar: Solid manufacturing and JOLTs in focus – Danske Bank
Danske Research Team underscores strong United States (US) cyclical signals, with the ISM manufacturing index rising to 55.6 in July, beating expectations and June’s reading. New orders, employment and production all improved, while prices moderated.
Tue, Aug 4
Turkish Lira: July inflation and FX rules weigh on lira – Commerzbank
Commerzbank’s Tatha Ghose notes Turkey’s July Consumer Price Index (CPI) slowdown to 31.7% year-on-year masks still-strong underlying price momentum, with smoothed headline and core inflation above 2% month-on-month.
Tue, Aug 4
CEE FX: Rates relief and CNB meeting – ING
ING strategist Frantisek Taborsky says Central and Eastern European markets opened positively, with rates markets outpricing hikes while FX stayed sidelined.
Tue, Aug 4
Dow Jones futures tick higher as easing Middle East tensions boost market sentiment
Dow Jones futures rise 0.17% to trade around 53,430 during European hours on Tuesday. Meanwhile, S&P 500 futures gain 0.23% to trade near 7,650, while Nasdaq 100 futures advance 0.68%, trading near 29,090.
Tue, Aug 4
British Pound scales higher as fiscal concerns weigh on Yen
The GBP/JPY cross builds on the previous day's recovery move from the vicinity of mid-209.00s, or the lowest level in nearly five months, and gains some follow-through positive traction on Tuesday.
Tue, Aug 4
Experts agree: Last week’s intervention might have altered Yen outlook
The Japanese Yen (JPY) trims some gains against the US Dollar (USD) on Tuesday, with the USD/JPY pair picking up to the mid-157.00s from Monday’s lows at 155.23.
Tue, Aug 4
United States Dollar holds gains amid Middle East uncertainty, hawkish Fed odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 100.00 during the European session on Tuesday.
Tue, Aug 4
Japanese Yen: Gains against US Dollar to remain limited – TD Securities
TD Securities strategists argue that recent Japanese Ministry of Finance (MoF) interventions and talk of joint United States (US)/Japan action have not changed the broader USD/JPY regime.
Tue, Aug 4
Brent: Sharp drop questions supply fears – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton notes Brent futures fell over 7% and Singapore gasoil nearly 11%, despite ongoing geopolitical and logistical disruptions to Oil and refined products.
Tue, Aug 4
British Pound: Pullback seen within 1.3400–1.3475 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes GBP/USD reversed after an overbought spike to 1.3506, closing lower at 1.3434. The strategist sees scope for the pullback to extend but mainly within a 1.3400–1.3475 range, with a sustained drop below 1.3400 unlikely.
Tue, Aug 4
Euro stalls against British Pound as geopolitical uncertainty grips markets
The Euro (EUR) trades practically flat, a few pips below 0.8570 against the British Pound (GBP) on Tuesday, holding moderate gains after Monday's bounce from last week's lows at 0.8542.
Tue, Aug 4
US Dollar: Warsh tactics cloud Fed path – Commerzbank
Commerzbank’s Antje Praefcke discusses how new Fed Chair Warsh may be relying on markets to tighten financing conditions instead of raising rates, leaving the Dollar exposed to data-driven volatility.
Tue, Aug 4
Forex Today: Mideast uncertainty keeps USD supported ahead of next batch of US data
Here is what you need to know on Tuesday, August 4:
Tue, Aug 4
Australian Dollar edges higher above 0.7000 on US-Iran breakthrough hopes
The AUD/USD pair gains momentum around 0.7020 during the early European session on Tuesday. Easing tensions in the Middle East improves risk sentiment and provides some support to the Australian Dollar (AUD) against the US Dollar (USD).
Tue, Aug 4
Equities: Cyclical rotation extends as tech recovers – Danske Bank
Danske Research Team notes that global equities began August with fresh all-time highs in several MSCI indices. Gains were driven by sector rotation, with software rebounding 16% over the past week and lower Oil prices supporting sentiment.
Tue, Aug 4
Aave Price Forecast: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits
Aave (AAVE) extends a mild near-term recovery on Tuesday, holding above its 50-day Exponential Moving Average (EMA) at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption.
Tue, Aug 4
Oil: Deal optimism drives sharp selloff – ING
ING strategists Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent, fell sharply on optimism over a potential US–Iran Middle East deal.
Tue, Aug 4
Silver Price Forecasts: XAG/USD reaches $59.00 amid cautious Iran peace hopes
Silver (XAG/USD) accelerates its recovery on Tuesday, reaching session highs above $59.00 at the time of writing, after bouncing from the $56.50 area on Monday.
Tue, Aug 4
Euro: Consolidation with upside trigger at 1.1565 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s recent sharp rise and subsequent consolidation after a failed attempt to sustain gains above 1.1558. Intraday, the Euro is expected to trade between 1.1485 and 1.1540, while a close above 1.1565 could open the way toward 1.1600.
Tue, Aug 4
Dogecoin Price Forecast: Bullish divergence hints at DOGE recovery
Dogecoin (DOGE) steadies near $0.070 at the time of writing on Tuesday after falling 3.5% last week. While the broader trend remains bearish, improving derivatives metrics and bullish divergences in momentum indicators suggest that selling pressure may be easing, hinting at a potential recovery.
Tue, Aug 4
