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USD/BRL retreats below 50-DMA, tests key support – Société Générale
USD/BRL is under pressure after failing to break July’s peak, slipping below its 50-day moving average and testing key support near 5.39/5.37, with further downside risk if the level gives way, Société Générale's FX analysts note.Fxstreet
Wed, Aug 13
Standard Chartered lifts year-end ether forecast to $7,500
Aug 13 (Reuters) - Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement in recent months and emergence of Ethereum treasury companies. The brokerage also raised its 2028 year-end ether forecast to $25,000 from $7,500W...Reuters
Wed, Aug 13
TRY: Discouraging picture from June's balance of payments data – Commerzbank
Turkey's current account significantly deteriorated in June, registering a deficit of $2.0 billion (versus a $680mn deficit recorded a month ago, and surplus recorded a year ago); the print exceeded analyst expectations of $1.3bn deficit.
Fxstreet
Wed, Aug 13
EUR/JPY price forecast: Hovers around 172.50, eyes nine-day EMA support
EUR/JPY halts its three-day winning streak, trading around 172.50 during the European hours on Wednesday. The technical analysis of the daily chart suggests an ongoing bullish bias as the currency cross is moving upwards within the ascending channel pattern.
Fxstreet
Wed, Aug 13
GBP/USD: Too early to expect the late July high, near 1.3590 – UOB Group
There is scope for Pound Sterling (GBP) to continue to rise to 1.3555. Above this level, one can expect GBP/USD to rise towards the late July high, near 1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 13
FOREX-Dollar slips to a two week low as investors eye Fed cut
Dollar falls as markets ramp up Fed cut betsUS inflation data in line with expectationsTrump weighing lawsuit against Powell over renovationsBy Joice Alves and Rae Wee LONDON/SINGAPORE, Aug 13 (Reuters) - The dollar fell to a two-week low on Wednesday after a tame reading on U.S. inflation bolste...Reuters
Wed, Aug 13
EUR: ZEW confirms poor trade deal reception – ING
The ZEW surveys published yesterday confirmed the poor reception of the US-EU trade deal in the EU. The 'expectations' gauge in Germany is back to 35, in the eurozone to 25, both the lowest since May, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Aug 13
Straumann H1 earnings miss market expectations
By Cian Muenster and Bartosz DabrowskiAug 13 (Reuters) - Swiss dental implant maker Straumann STMN.S on Wednesday reported first half earnings below market expectations, impacted by negative foreign exchange movements and a weaker performance in North America. The group, which specialises in tooth ...Reuters
Wed, Aug 13
GBP/JPY Price Forecast: Sees more upside above 200.00
The GBP/JPY pair trades firmly near the psychological level of 200.00 during the European trading session on Wednesday. The pair revisited the 200.00 level on Tuesday as the Pound Sterling (GBP) strengthened after the release of the United Kingdom (UK) labor market data for three-months ending June.
Fxstreet
Wed, Aug 13
Bullish Announces Pricing Of Upsized Initial Public Offering - Statement
Aug 13 (Reuters) - BULLISH ANNOUNCES PRICING OF UPSIZED INITIAL PUBLIC OFFERING - STATEMENTBULLISH- PRICING OF ITS UPSIZED INITIAL PUBLIC OFFERING OF 30 MILLION ORDINARY SHARES AT $37 PER SHARESource text: https://tinyurl.com/yu6hpfnhFurther company coverage: [ ]Reuters
Wed, Aug 13
Pound Sterling stabilizes ahead of UK GDP as Fed rate cut speculation intensifies
The Pound Sterling (GBP) trades broadly stable against its major peers on Wednesday, in a calm day for markets as investors await the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data, which will be released on Thursday.Fxstreet
Wed, Aug 13
USD/CAD Price Forecast: Tests confluence support zone around 1.3750
USD/CAD extends its losses for the second successive day, trading around 1.3760 during the early European hours on Wednesday. The technical analysis of the daily chart suggests that the pair consolidates within an ascending channel pattern, suggesting a prevailing bullish bias.
Fxstreet
Wed, Aug 13
NZD/USD attracts some buyers above 0.5950 as Fed rate cut bets rise
The NZD/USD pair attracts some buyers to around 0.5970 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). Traders raise their bets that the US Federal Reserve (Fed) will cut its interest rate in the September meeting.Fxstreet
Wed, Aug 13
INDIA RUPEE-Rupee rides US inflation relief; forward premiums perk up on Fed cut bets
By Nimesh VoraMUMBAI, Aug 13 (Reuters) - The Indian rupee and forward premiums traded higher on Wednesday, lifted by tame headline U.S. inflation data that reinforced bets of a Federal Reserve rate cut next month. The local currency quoted at 87.6750 at 11.00 am IST, compared to 87.7125 on Tuesday....Reuters
Wed, Aug 13
