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Silver Price Forecast: Neckline rejection keeps $60 in sight
Silver price resumes its downtrend, keeping the head-and-shoulders pattern alive, as the white metal struggles to clear the neckline in the $64.10-$64.20 range, increasing the chances of further losses. The XAG/USD trades at $63.60, down over 1.50%.
Mon, Sep 14
Gold gets squeezed by 5% Treasury yields as FOMC week begins
Gold (XAU/USD) begins the week on the wrong foot, down some 0.85% on Monday after reaching a one-month low of $4,253, in a week that will feature the Federal Open Market Committee (FOMC) monetary policy decision. At the time of writing, XAU/USD trades at $4,310.
Mon, Sep 14
US Dollar Index: Fed pricing supports gains – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is firm at the start of FOMC week as swaps now price an 85% chance of tightening on Wednesday.
Mon, Sep 14
US Dollar: Hawkish Fed may offer only limited gains - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Open Market Committee (FOMC) to deliver a 25 bps hike to 3.75%-4.00%, its first move since July 2023, justified by above-target inflation and a solid labor market.
Mon, Sep 14
USD/CAD Price Forecast: Buyers challenge 100-day SMA after double-bottom formation
USD/CAD edges higher on Monday as Fed rate hike expectations lift the US Dollar (USD) to a nearly two-week high, while rising Oil prices provide little support to the commodity-linked Canadian Dollar (CAD).
Mon, Sep 14
Euro slides against the Pound as a UK jobs test looms
EUR/GBP slides on Monday, trading around 0.8560 as the Euro (EUR) side of the cross is underpinned by a European Central Bank (ECB) that remains hawkish. The pair hit a two-week low of 0.8554 earlier in the day before the Pound (GBP) gained some ground.
Mon, Sep 14
British Pound buckles as the US yields rise puts Fed in command
The British Pound tested two-month lows of 1.3464, trimmed some of its earlier losses, but it remains in the red, down 0.23% amid a light economic docket in the US and the UK as both central banks of each country get ready to release their monetary policy decisions on September 16 and 17, respective
Mon, Sep 14
JasmyCoin Price Forecast: Upbit delisting raises risk of further losses
JasmyCoin (JASMY) shows signs of stability at the time of writing on Monday. However, the token remains constrained between support at $0.0035 and resistance at $0.0040. Since May, its technical structure has continued to deteriorate, with the price falling from highs of $0.0078.
Mon, Sep 14
Euro falls as higher Oil prices support Canadian Dollar amid mixed inflation data
EUR/CAD declines to around 1.6060 on Monday at the time of writing, down 0.17% on the day. The Canadian Dollar (CAD) benefits from the sharp rise in Oil prices, while the latest Canadian inflation data do little to alter the near-term monetary policy outlook.
Mon, Sep 14
The Dollar Index climbs on Fed hike bets and stalls at its usual ceiling
The Dollar Index trades near 99.50, up 0.4% on the day, and it made the whole of that gain while America was asleep. A 5% Treasury yield sounds like the best thing that could happen to the Dollar, and New York has spent the morning selling it.
Mon, Sep 14
Japanese Yen weakens at the start of a central bank-heavy week
USD/JPY climbs on Monday as US Dollar (USD) demand picks up ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.
Mon, Sep 14
Dow Jones Industrial Average loses another round to rising bond yields
The Dow Jones Industrial Average is down around 200 points and trades just under 52,400, and the reason is less exciting than the headlines. Those are about artificial intelligence (AI) and a sell-off in chip stocks, and that story belongs to the Nasdaq Composite, down about 1%.
Mon, Sep 14
Euro area: Supply chain risks and core goods outlook – Societe Generale
Societe Generale economists Sam Cartwright and Michel Martinez analyze how renewed supply chain disruptions, including conflict in the Middle East, may affect Euro Area prices.
Mon, Sep 14
Australian Dollar slides to monthly low as Fed hike odds firm
AUD/USD slipped to a new monthly low in the 0.7100s on Monday, driven by a firm run of United States (US) data that has pushed the market toward pricing in a Federal Reserve (Fed) rate hike at its meeting later this week.
Mon, Sep 14
Japanese Yen: JPY underperforms into BoJ – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight a weaker Japanese Yen (JPY), down 0.7% versus the US Dollar (USD) and underperforming G10 peers alongside New Zealand Dollar (NZD) and Swedish Krona (SEK).
Mon, Sep 14
Federal Reserve: Forward guidance impact – Commerzbank
Pfister and Liebke analyse 30 years of FOMC meetings to separate interest rate surprises from forward guidance shocks and their effect on the US Dollar and G10 currencies.
Mon, Sep 14
Crude Oil: Elevated upside risk with CTAs max long – TD Securities
TD Securities strategists Ryan McKay and Bart Melek note that CTAs remain maximally long WTI Crude, Brent Crude, diesel and gasoline as attacks on energy infrastructure in Saudi Arabia and Russia sustain a significant upside risk premium.
Mon, Sep 14
XRP Price Forecast: Momentum builds despite elevated Fed rate hike bets
Ripple (XRP) edges higher above $1.38 on Monday, rising alongside the broader cryptocurrency market. The remittance token bounced off its near-term $1.33 support level, prompting bulls to return ahead of a potential breakout attempt above the next supply at $1.40.
Mon, Sep 14
Euro: Support seen near 1.15 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is weaker, down about 0.5% versus the US Dollar (USD), as risk aversion supports broad USD strength. Yield spreads imply a fair value near 1.1633, while data have been light ahead of Tuesday’s ZEW survey.
Mon, Sep 14
Japanese Yen: Further gains favored against US Dollar - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that recent Oil-driven market moves and sticky US Consumer Price Index (CPI) have strengthened expectations for a September Fed hike, but the futures curve already prices nearly 100 bps of tightening over twelve months.
Mon, Sep 14
