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USD/JPY Price Forecast: Faces selling pressure above 160.00

The US Dollar (USD) is down 0.3% to near 159.65 against the Japanese Yen (JPY) during the European trading session on Monday. The USD/JPY pair declines as the Japanese currency outperforms its peers on hopes of support from the United States (US)-Japan joint intervention.

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Euro languages around 1.1600 amid Fed hiking hopes, fresh tensions in Iran

The Euro (EUR) posts marginal gains against the US Dollar (USD) on Monday, but it remains close to Friday’s lows at 1.1578, as bulls fail to find significant acceptance above 1.1600.

출처  Fxstreet1788176090
New Zealand Dollar holds above 0.5900 as traders await RBNZ decision

NZD/USD trades around 0.5910 on Monday, virtually unchanged on the day at the time of writing. The New Zealand Dollar (NZD) retains some support from improving Chinese activity data, but the move remains limited as investors prepare for the Reserve Bank of New Zealand (RBNZ) decision on Wednesday.

출처  Fxstreet1788175034
GBP/USD Price Forecast: Finds ground slightly below 20-day EMA

The British Pound (GBP) is marginally higher at around 1.3545 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair rebounds as the US Dollar corrects after a strong upside move on Friday.

출처  Fxstreet1788172872
Australian Dollar edges lower as mixed Chinese PMIs fail to impress

AUD/USD trades around 0.7160 on Monday at the time of writing, down a modest 0.08% on the day. The Australian Dollar (AUD) struggles to find a clear direction following the release of mixed Chinese economic data, while investors also assess the latest indications on Australian inflation.

출처  Fxstreet1788169699
EUR/JPY Price Forecast: Remains below nine-day EMA near 185.50

EUR/JPY extends its losses for the second successive day, trading around 185.20 during European hours on Monday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling a bullish bias.

출처  Fxstreet1788168104
Canadian Dollar : Modest downside on trade risks and yields – HSBC

HSBC strategists highlight a bearish stance on the Canadian Dollar (CAD), noting that the breakdown in US–Canada trade talks has driven USD/CAD higher but is unlikely to be a persistent drag.

출처  Fxstreet1788167968
USD/JPY Price Forecast: US Dollar keeps crawling towards the key 160.00 area

The Japanese Yen (JPY) pares some losses on Monday’s European session, as the US Dollar (USD) pulls back against its main peers, with the dust from the Jackson Hole meeting settling.

출처  Fxstreet1788166657
Euro: Downside risk remains in focus against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight an unexpectedly sharp EUR/USD drop to 1.1577, with the pair closing weaker at 1.1584. They see scope for further downside but doubts a quick test of 1.1550 due to oversold conditions.

출처  Fxstreet1788166537
Euro recovers against US Dollar, German CPI accelerates

The Euro (EUR) is up 0.15% to near 1.1600 against the US Dollar (USD) during the European trading session on Monday. The major currency pair gains as the US Dollar corrects after a strong Friday.

출처  Fxstreet1788166208
Australian Dollar: RBA hike risks linger – OCBC

OCBC FX Strategist Sim Moh Siong and Christopher Wong note that stronger Australian Consumer Price Index (CPI) and resilient household spending have revived expectations of another Reserve Bank of Australia (RBA) hike, helping AUD/USD retest resistance near 0.7180–0.7200.

출처  Fxstreet1788165980
New Zealand Dollar: RBNZ set for second hike – BNY

BNY’s Geoff Yu expects the Reserve Bank of New Zealand to deliver another 25bp hike to 2.75%, supported by elevated inflation and strong confidence data.

출처  Fxstreet1788165411
Canadian Dollar remains on the front foot vs soft USD; lacks bullish conviction

The USD/CAD pair pulls back from an over two-week high, around the 1.3910-1.3915 region, earlier this Monday, stalling the recent goodish recovery from a three-month low. Spot prices, however, lack follow-through selling and trade just below the 1.3900 mark during the early European session.

출처  Fxstreet1788163992
Swiss Franc edges up from 0.8100 as the US Dollar trims Friday’s gains

The Swiss Franc (CHF) shows moderate gains on Monday's early European session, as the US Dollar (USD) loses momentum with the dust of the Jackson Hole summit settling.

출처  Fxstreet1788163628
Australian Dollar: Pullback risk toward 0.7120 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD briefly broke above 0.7200 to 0.7208 before reversing to 0.7158. Intraday, they expect further pullback toward 0.7145, with limited downside and resistance at 0.7170/0.7185.

출처  Fxstreet1788163232
Forex Today: Tensions re-escalate in Mideast, USD consolidates Fed-inspired rally

Here is what you need to know on Monday, August 31:

출처  Fxstreet1788162639
EUR/GBP Price Forecast: Hesitates near 0.8550 with the risk-off mood capping rallies

The Euro (EUR) is looking for direction against the British Pound (GBP) on Monday, following a sharp reversal last Friday, with bears eyeing the bottom of the last two weeks’ trading range, just below 0.8550.

출처  Fxstreet1788161075
New Zealand Dollar gathers strength above 0.5900 on stronger China PMI data

The NZD/USD pair gains momentum to near 0.5915 during the early European trading hours on Monday. Better-than-expected Chinese economic data provides some support to the China-proxy New Zealand Dollar (NZD) against the US Dollar (USD). 

출처  Fxstreet1788159491
Japanese Yen: Market needs more than BoJ pricing – OCBC

OCBC FX Strategist Sim Moh Siong and Christopher Wong highlight that the Japanese Yen (JPY) has already benefited from aggressive market pricing for Bank of Japan (BoJ) tightening, with an 85% chance of a September hike implied.

출처  Fxstreet1788158818
British Pound: Downside risks with 1.3480 in sight against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD fell sharply to 1.3527 and closed at 1.3540, contradicting expectations for range trading. Intraday, they see limited further losses within 1.3520–1.3570 due to oversold conditions.

출처  Fxstreet1788157711
British Pound holds losses amid geopolitical tensions, Fed tightening hopes

The British Pound (GBP) edges up on Monday but remains close to two-week lows against the US Dollar (USD).

출처  Fxstreet1788157452
Euro: Warsh speech weighs on EUR against US Dollar – Danske Bank

Danske Research Team notes that Federal Reserve (Fed) Chair Kevin Warsh’s hawkish Jackson Hole speech pushed EUR/USD lower, with markets now pricing September as nearly a coin-flip for a rate hike.

출처  Fxstreet1788157177
Euro falls against Japanese Yen ahead of German inflation data

The Euro (EUR) is down 0.1% to near 185.20 against the Japanese Yen (JPY) during the European trading session on Monday. The cross faces pressure as the Japanese Yen (JPY) outperforms its peers amid fears that the Bak of Japan (BoJ) will raise interest rates in the September policy meeting.

출처  Fxstreet1788156190
EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA

The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh. 

출처  Fxstreet1788155782
USD/JPY Price Forecast: Retreats from one-month top as bullish bias remains below 160.00

The USD/JPY pair retreats from the 160.20 area, or a one-month high retested earlier this Monday, and, for now, seems to have snapped a five-day winning streak. Spot prices slide to the 159.80-159.75 region during the Asian session, though the downside potential seems limited.

출처  Fxstreet1788154817
Indian Rupee opens lower as renewed US-Iran tensions lift oil prices

The Indian Rupee (INR) opens slightly lower against the US Dollar (USD) at the start of the week. The USD/INR pair ticks up to near 95.43, as higher oil prices due to renewed tensions between the United States (US) and Iran have weighed on the Indian currency.

출처  Fxstreet1788153947
AUD/USD Price Forecast: Holds above 0.7150 on soft USD; Fed/Iran risks curb upside

The AUD/USD pair attracts some buyers in the vicinity of mid-0.7100s at the start of a new week, stalling Friday's retracement slide from its highest level since mid-May. Spot prices, however, lack bullish conviction and remain below the 0.7200 mark through the Asian session.

출처  Fxstreet1788152552
AUD/JPY Price Forecast: Declines to near 114.50, but maintains bullish tone above 100-day SMA

The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday.

출처  Fxstreet1788150590
Swiss Franc gains as US Dollar weakens despite Fed Chair Warsh’s hawkish remarks

USD/CHF holds losses after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Monday. The currency pair edges lower as the US Dollar (USD) weakens following comments from Goldman Sachs chief economist Jan Hatzius.

출처  Fxstreet1788149500
Silver Price Forecast: XAG/USD falls to near $66.00 amid Fed Chair Warsh’s hawkish tone

Silver price (XAG/USD) extends its losses for the second successive day, trading around $66.10 per troy ounce during the Asian hours on Monday. The non-yielding Silver declined following hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh.

출처  Fxstreet1788145771
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