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GBP/USD: Any decline is likely part of a lower range – UOB Group
Pound Sterling (GBP) could continue to weaken; any decline is likely part of a lower range of 1.3395/1.3460. In the longer run, the outlook for GBP will turn negative if it breaks and closes below 1.3395, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Aug 22
NZD/USD bears hit four-month lows at 0.5800 ahead of Fed Powell’s speech
The New Zealand Dollar extends losses for the fifth consecutive day against a firmer US Dollar, with investors reluctant to take risks ahead of Fed Powell’s speech at Jackson Hole. The pair has reached the 0.5800 level for the first time since mid-April, on track for a 2% weekly sell-off.
Fxstreet
Fri, Aug 22
INDIA RUPEE-Rupee continues slide on looming US tariffs, posts marginal weekly loss
By Ashwin Manikandan MUMBAI, Aug 22 (Reuters) - The Indian rupee weakened further on Friday against a stronger dollar ahead of a speech by Federal Reserve Chair Jerome Powell, capping a volatile week for the Asian currency that has been pressured by U.S. tariff-related uncertainties.The currency ...Reuters
Fri, Aug 22
Sterling on track for weekly fall, outlook clouded by fiscal risks
By Jaspreet Kalra Aug 22 (Reuters) - Sterling steadied after dipping to a two-week low against the dollar on Friday as traders pared wagers on a rate cut by the U.S. Federal Reserve next month. Sterling was flat against the dollar GBP=D3 at $1.3416 after touching its weakest level since August 7....Reuters
Fri, Aug 22
EMERGING MARKETS-EM assets on hold ahead of Powell's speech; China stocks pop
EM stocks up 0.1%, FX flatPolish stocks plunge after bank tax hikeJerome Powell's speech at 1400 GMTBy Pranav Kashyap Aug 22 (Reuters) - Most emerging market assets stayed in a tight lane on Friday as investors braced for Federal Reserve Chair Jerome Powell's much‑anticipated speech later...Reuters
Fri, Aug 22
FOREX-Dollar firms as traders pare rate cut bets ahead of Powell speech
Euro, sterling touch two-week low ahead of Powell speechPowell's tone may sway markets as traders trim rate cut bets Odds of 25 basis point cut in September at 73%Japan inflation data keeps BOJ rate hike on the table By Jaspreet Kalra and Ankur Banerjee SINGAPORE, Aug 22 (Reuters) - The U...Reuters
Fri, Aug 22
AUD/USD trades with caution near 0.6400 as Fed Powell’s speech takes centre stage
The AUD/USD pair trades cautiously near a fresh two-month low around 0.6400 during the European trading session on Friday. The Aussie pair is expected to remain on tenterhooks as investors await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
Fxstreet
Fri, Aug 22
Silver Price Forecast: XAG/USD tests $38.00 support near nine-day EMA
Silver price (XAG/USD) depreciates after two days of gains, trading around $38.10 per troy ounce during the European hours on Friday. The technical analysis of the daily chart suggests the price of the precious metal remains within a descending channel pattern, indicating a bearish bias is active.
Fxstreet
Fri, Aug 22
NZD/USD extends downside to near 0.5800 as traders brace for Powell’s Jackson Hole remarks
The NZD/USD pair remains under selling pressure near 0.5805 during the early European trading hours on Friday. The Reserve Bank of New Zealand’s (RBNZ) dovish tone exerts some selling pressure on the New Zealand Dollar (NZD) against the Greenback.Fxstreet
Fri, Aug 22
