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RBNZ cuts 25bp, debates 50bp move – ING
The RBNZ delivered a 25bp cut to 3.00% but revealed a serious debate over a larger 50bp move, sending NZD/USD down 1.1%.
Uranium Miners ETF (URA) remains bullish against April 2025 low
The Global X Uranium ETF ($URA) is an exchange-traded fund designed to provide investors with exposure to the uranium mining industry.
SoFi Technologies (SOFI) favors rally into $26.21 – $28.01 area before pullback
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America, Canada & Hong Kong.
US Treasury's Bessent: Fed rate cut could facilitate a pickup in home building
United States (US) Treasury Secretary Scott Bessent said on Tuesday that a rate cut by the Federal Reserve (Fed) could facilitate a pickup in home building and keep prices down for one to two years down the road, per Reuters.
Apple’s reversal play: AAPL reacts higher from Elliott Wave blue box
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Apple ticker symbol: AAPL.
Gold consolidates amid easing yields, soft US Dollar and geopolitical caution
Gold (XAU/USD) is trading with a steady bias on Tuesday, recovering modestly from an overnight dip as investors digest Monday's White House summit between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and key European leaders.
Canada CPI projected to remain below target in July amid inflation risks from US tariffs
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
JPY range bound ahead of key data – Scotiabank
The Japanese Yen is up modestly against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP quiet despite continued support from fundamentals – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session with a modest 0.1% gain, lagging its European currency peers while slightly outperforming growth-sensitive commodity peers CAD and AUD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR extending consolidation around 1.17 – Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD underperforms again – Scotiabank
The Canadian Dollar (CAD) is marginally softer versus the US Dollar (USD) on the day, with a mild net loss on the session contrasting—once again—with moderate gains for the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Gold Price Forecast: XAU/USD picks up but remains within range below $3,360
Gold (XAU/USD) is trading with a moderate positive bias on Tuesday, trading at $3,340 area after bouncing from $3,325 lows earlier on the day.
BoE to cut bank rate by 25 bps to 3.75% in Q4 – Reuters Poll
50 of 62 economists polled by Reuters said that they expect the Bank of England (BoE) to cut the policy rate once more this year, in the fourth quarter, by 25 basis points to 3.75%.
USD edges lower in calm trade – Scotiabank
Markets continue to play the waiting game and the major currencies are idling in a calm, range trading environment ahead of Friday’s Powell comments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CNH: Likely to trade in a range between 7.1780 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1780 and 7.1950. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
China continues to produce record amounts of Copper – Commerzbank
As the figures for the 10 non-ferrous metals already indicated, refined Copper production in China continued to rise in July, Commerzbank's FX analyst Volkmar Baur notes.
GBP/USD returns above 1.3500 as traders brace for hotter UK inflation
The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485
USD/JPY has scope to extend to 148.30 – UOB Group
The sharp rise in US Dollar (USD) has scope to extend to 148.30; the major resistance at 148.80 is unlikely to be tested. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold price between Ukraine hopes and waiting for Jackson Hole – Commerzbank
The price of Gold reacted inconclusively yesterday to Friday's summit meeting between the US and Russian presidents in Alaska. The results of the talks that were made public remained too vague to indicate any progress in efforts to end the war in Ukraine.
NZD/USD: Likely to trade in a range of 0.5905/0.5940 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5905/0.5940. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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