News
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Russia's economy is not in technical stagnation, Putin says
VLADIVOSTOK, Russia, Sept 5 (Reuters) - Russian President Vladimir Putin told an economic forum in the Far eastern city of Vladivostok on Friday that he does not agree with the assessment that the country's economy is in technical stagnation. He said that the authorities need to ensure a soft la...Reuters
Fri, Sep 5
USD/CAD Price Forecast: Tests confluence support zone around 1.3800, nine-day EMA
USD/CAD trades around 1.3810 during the Asian hours on Friday, halting its four-day winning streak. The technical analysis of the daily chart suggests that the pair moves sideways within an ascending channel pattern, indicating that market sentiment is bullish.
Fxstreet
Fri, Sep 5
EUR/CAD edges higher above 1.6100 ahead of Canadian employment data
The EUR/CAD pair extends its winning streak for the third trading day on Friday, and trades marginally higher to near 1.6115 during the late Asian trading session. The pair ticks up ahead of the Canadian labor market data for August, which will be published at 12:30 GMT.
Fxstreet
Fri, Sep 5
AUD/JPY Price Forecast: Keep bullish vibe above 96.50
The AUD/JPY cross trades with mild losses near 96.75 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) after US President Donald Trump signed an executive order on Thursday to lower Japanese auto import tariffs.
Fxstreet
Fri, Sep 5
FOREX-Dollar trims weekly gain as bonds find footing, jobs data looms
Yen gains after Japan-US trade deal lowers auto tariffsTraders expect near-100% chance of Fed rate cut this monthTrump's Fed nominee vows independence from political pressureBy Rocky Swift TOKYO, Sept 5 (Reuters) - The dollar trimmed its weekly gain on Friday as bond markets stabilised and tr...Reuters
Fri, Sep 5
Japan's Ishiba could face leadership challenge on Monday
Ruling party to vote Monday on holding leadership raceMarkets see strong chance of race, costing Ishiba his jobLeadership change could bring looser fiscal policyPolitical uncertainty complicates BOJ's rate-hike timingBy Leika Kihara TOKYO, Sept 5 (Reuters) - Lawmakers of Japan's ruling pa...Reuters
Fri, Sep 5
Silver Price Forecast: XAG/USD attracts some buyers to near $41.00 as US NFP data looms
The Silver price (XAG/USD) attracts some buyers near $40.85 during the Asian trading hours on Friday, bolstered by the weaker US Dollar (USD). The white metal receives support from the prospect of the US Federal Reserve (Fed) rate cut this year.
Fxstreet
Fri, Sep 5
EUR/USD rises above 1.1650 ahead of Q2 Eurozone GDP data
EUR/USD trades around 1.1670 during the Asian hours on Friday, after recovering losses registered in the previous session. The pair appreciates as the Euro (EUR) gains ground ahead of the Eurozone Gross Domestic Product (GDP) for the second quarter.
Fxstreet
Fri, Sep 5
INDIA RUPEE-Rupee may meander below 88/USD, US labour data in focus
By Jaspreet Kalra MUMBAI, September 05 (Reuters) - The Indian rupee is expected to open steady on Friday, supported by modest gains in regional peers heading into the closely watched U.S. non-farm payrolls report that could cement expectations of policy easing by the U.S. Federal Reserve. The...Reuters
Fri, Sep 5
Japanese Yen rises on strong data, USD pressured by Fed rate cut bets ahead of US NFP
The Japanese Yen (JPY) strengthened against its American counterpart during the Asian session on Friday in response to upbeat domestic data, which showed that real wages turned positive for the first time in seven months.
Fxstreet
Fri, Sep 5
Australian Dollar appreciates as US Dollar weakens on Fed rate cut bets
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Friday, retracing its recent losses registered in the previous session. The AUD/USD pair appreciates as the US Dollar struggles amid softer-than-expected United States (US) job data.
Fxstreet
Fri, Sep 5
FOREX-Dollar holds ground as bonds find footing, jobs data looms
By Rocky Swift TOKYO, Sept 5 (Reuters) - The dollar mostly held its ground on Friday as bond markets stabilised and traders awaited key U.S. jobs data expected to firm up the case for an interest rate cut by the Federal Reserve.The greenback inched up in U.S. hours on Thursday and was poised for ...Reuters
Fri, Sep 5
Australia, NZ dollars zig zag on shifting rate outlooks
By Wayne Cole SYDNEY, Sept 5 (Reuters) - The Australian and New Zealand dollars continued the week's zig zag pattern on Friday, testing the downside as investors pared short greenback positions ahead of a U.S. jobs report that may make or break the case for a rate cut this month. Markets are ...Reuters
Fri, Sep 5
