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EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
The Euro posted a significant reversal from the 0.8670 area on Monday, printing a bearish engulfing candle on the daily chart. This figure has strongly negative connotations and has shifted the pair’s focus towards the key support area around 0.8600.
Fxstreet
19 minutes ago
Brazil posts wider-than-expected current account deficit in July
BRASILIA, Aug 26 (Reuters) - Brazil posted a current account deficit of $7.067 billion in July, central bank data showed on Tuesday, wider than the $5.6 billion shortfall expected in a Reuters poll of economists.Foreign direct investment for the month totaled $8.324 billion, exceeding the $5 billion...Reuters
19 minutes ago
USD/JPY expected to trade in a range between 146.70 and 148.00 – UOB Group
US Dollar (USD) is expected to trade in a range between 146.70 and 148.00. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
2 hours ago
Sterling ticks up against dollar after Trump's Fed salvo
By Jaspreet Kalra Aug 26 (Reuters) - Sterling was modestly higher against the dollar on Tuesday after U.S. President Donald Trump's announcement that he was firing Federal Reserve Governor Lisa Cook dragged down the dollar over concerns about the central bank's independence. Sterling GBP=...Reuters
2 hours ago
RPT-COLUMN-Dollar turn emboldens dogged wariness of Wall Street: Mike Dolan
By Mike DolanLONDON, Aug 26 (Reuters) - So-called value investors have had a brutal decade avoiding what they see as overvalued but outperforming U.S. stocks - and missing the boat. But aside from the handful of high-flying Wall Street megacaps, some insist dollar strength did much of the heavy lift...Reuters
2 hours ago
EUR: French political uncertainty is on the rise acting as a dampener on Euro – MUFG
One of the main developments at the start of this week has been the announcement from French Prime Minister Francois Bayrou that he has agreed with President Emmanuel Macron to call parliament back into session early in order to allow the government to present its budget plan and hold a confidence m
Fxstreet
2 hours ago
AUD/USD: Likely to trade in a range of 0.6455/0.6505 – UOB Group
Australian Dollar (AUD) is likely to trade in a range of 0.6455/0.6505. In the longer run, slight increase in upward momentum is likely to lead to a higher range of 0.6440/0.6540 rather than a sustained advance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
2 hours ago
GBP/USD: Likely to trade in a range between 1.3440 and 1.3520 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3440 and 1.3520. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
3 hours ago
JPY: Still hoping for wages – Commerzbank
The Bank of Japan remains convinced that rising wage growth will lead to sustainably higher inflation. Meanwhile, lower inflation regarding food prices is pushing down the overall rate. Excluding energy and food, inflation has been below 2% for some time now.Fxstreet
3 hours ago
EUR/JPY price forecast: Falls to near 171.50 as bearish bias emerges
EUR/JPY extends its losses for the second successive session, trading around 171.50 during the European hours on Tuesday. The technical analysis of the daily chart suggests the emergence of a bearish market bias as the currency cross is remaining slightly below the ascending channel pattern.
Fxstreet
3 hours ago
FOREX-Dollar steadies after jolt from Trump's ouster of Fed governor
Trump fires Governor Cook amid push for more influence at FedDollar steady after stumbling on Trump's announcementCook's removal highlights worries over Fed independenceFrench bonds tumble as government faces collapseBy Jaspreet Kalra and Gregor Stuart Hunter SINGAPORE/MUMBAI, Aug 26 (Reu...Reuters
3 hours ago
EMERGING MARKETS-EM assets trip on Fed independence fears; Hungary, Poland rate decisions due
EM stocks down 0.8%; stocks down 0.3%Dollar slides as Trump escalates attack on FedIndia stocks fall on US tariff worriesBy Pranav Kashyap Aug 26 (Reuters) - Most emerging market assets retreated on Tuesday as President Donald Trump took fresh aim at the Federal Reserve, rattling sentiment ahead ...Reuters
3 hours ago
EUR/USD: French political risk weighs – OCBC
Euro (EUR) fell overnight. French PM Bayrou said he would call for a confidence vote on budget on 8 September in an effort to force political parties to take a position on the government’s budget proposals in parliament rather than through street protests planned for later that week.Fxstreet
3 hours ago
