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Mexican Peso: Support from real rates and US talks – Commerzbank
Michael Pfister at Commerzbank highlights that the Mexican Peso has strengthened, with USD/MXN back below 17, helped by a weaker Dollar and Mexico’s strong performance among major currencies.
Tue, Sep 8
Australian Dollar corrects against US Dollar, US CPI takes centre stage
The Australian Dollar (AUD) is down 0.13% to near 0.7210 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair comes under pressure as the US Dollar turns positive after a weak start.
Tue, Sep 8
Dow Jones futures slide as inflation, trade risks mount
Dow Jones futures fall by 0.92% to trade near 52,950 during European hours on Tuesday. Meanwhile, S&P 500 futures decline by 0.41% to trade below 7,700, while Nasdaq 100 futures lose 0.24% to trade below 29,500.
Tue, Sep 8
Hungarian Forint: Holds firm against Euro below 371 - Societe Generale
Societe Generale analysts note EUR/HUF is trading within a base formation but continues to struggle with the 200-day moving average around 371, seen as crucial resistance.
Tue, Sep 8
Pi Network Price Forecast: Mild recovery lifts key two-month long resistance breakout hopes
Pi Network (PI) price is up nearly 2% on Tuesday, advancing its modest 5% gains from the previous day. Retail demand holds firms, with steady positional buildup in PI futures. The technical outlook for PI shows near-term upside bias, with bulls targeting a confirmed breakout above $0.0971.
Tue, Sep 8
British Pound bounces off YTD low as Yen bulls pause for a breather; bearish bias remains
The GBP/JPY cross continues to lose ground for the second straight day – also marking the fourth day of a fall in the previous five – and drops to the 207.00 neighborhood, or a fresh year-to-date (YTD) low earlier this Tuesday.
Tue, Sep 8
NZD/USD Price Forecast: Bears test support at 200-day SMA as risk appetite fades
The New Zealand Dollar extends losses against the US Dollar (USD) on Tuesday, weighed by the risk-off mood amid escalating tensions in the Middle East and rising Oil prices.
Tue, Sep 8
Swedish Krona: Inflation surprise shifts Riksbank outlook – Danske Bank
Danske Research Team reports that softer-than-expected Swedish August inflation reduced market pricing for a September Riksbank rate hike. CPI, CPIF and CPIF-XE all undershot the bank’s forecasts, with the downside surprise described as broad-based.
Tue, Sep 8
Euro: Political risks seen contained for now – Nomura
Nomura’s FX strategists note that recent AfD gains in German regional elections have had little impact on EUR/USD so far, as markets see them as local events with limited national implications.
Tue, Sep 8
US Dollar Index Price Forecast: Stabilizes below 61.8% Fibo retracement at 99.20
The US Dollar (USD) recovers its early losses and turns marginally positive during the European trading session on Tuesday. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades marginally higher to near 98.95.
Tue, Sep 8
Japanese Yen: BoJ hike bets drive gains against US Dollar - OCBC
OCBC’s Christopher Wong highlights that USD/JPY has broken below 155 and accelerated towards the low-154s as expectations for faster BoJ policy normalisation build, with markets nearly fully pricing a 25bp hike next week.
Tue, Sep 8
Indonesian Rupiah gains support on positive GDP outlook, record reserves
USD/IDR depreciates after two days of gains, trading around 17,670 during European hours on Tuesday. The pair loses ground as the Indonesian Rupiah (IDR) is drawing support from positive economic sentiment following reassuring remarks from Finance Minister Purbaya Yudhi Sadewa.
Tue, Sep 8
Indian Rupee: Stable range with shallow gains against US Dollar – DBS
DBS Group Research notes that after earlier rupee outperformance driven by intervention and inflows, USD/INR has settled around the mid-94 handle.
Tue, Sep 8
Silver Price Forecasts: XAG/USD holds around $66.00 buoyed by US Dollar weakness
Silver (XAG/USD) is trading flat at the $66.00 area on Tuesday, holding minor gains on the weekly chart after bouncing from the mid-range of the $64.00s last week.
Tue, Sep 8
WTI advances above $92.00, highest since July as Hormuz tensions stoke supply concerns
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts follow-through buying for the second straight day and climbs to its highest level since July 23 during the early part of the European session on Tuesday.
Tue, Sep 8
Forex Today: Japanese Yen extends rally, Oil prices climb higher
Here is what you need to know on Monday, September 7:
Tue, Sep 8
Hungarian Forint: Inflation surprise and HUF dynamics – ING
ING’s Frantisek Taborsky highlights that Hungarian inflation rebounded to 1.3% in August but stayed below expectations and the NBH’s forecast, with price growth seen remaining under target this year.
Tue, Sep 8
Euro recovers some early losses against Japanese Yen, ECB policy in focus
The Euro (EUR) claws back some of its early losses against the Japanese Yen (JPY) during the European trading session on Tuesday. At press time, EUR/JPY is down 0.3% to near 178.85 even after recovering from its intraday low of 177.85.
Tue, Sep 8
Equities: Tech leadership with Astra boost – Danske Bank
Danske Bank notes European equities were broadly flat on Monday, with the Stoxx 600 unchanged and OMX Nordic slightly higher, while Asian markets rallied in thin trading as US markets were closed for Labor Day.
Tue, Sep 8
Euro wavers below 0.8590 against the British Pound, lacking clear bias
The Euro (EUR) remains flat against the British Pound (GBP) on Monday, with German Trade Balance data failing to provide any significant support. This leaves the EUR/GBP pair looking for direction within a tight range below 0.8590, after rejection above 0.8600 last week.
Tue, Sep 8
