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EUR is underperforming on broadening political uncertainty – Scotiabank
The Euro (EUR) is weak, down 0.5% against the US Dollar (USD) and underperforming the G10 currencies as we head into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
WTI Price Forecast: 50-EMA acts as major barrier
West Texas Intermediate (WTI), futures on NYMEX, trade cautiously near Tuesday’s low of $63.00 during the European trading session on Wednesday. The Oil price struggles to gain ground ahead of the United States (US) Oil inventories data for the week ending August 22.
USD/JPY: Likely to trade in a range between 146.40 and 148.40 – UOB Group
US Dollar (USD) is expected to trade in a range between 147.00 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.
CAD outperforming on crosses as spreads offer support – Scotiabank
The Canadian Dollar (CAD) is down a marginal 0.1% against the US Dollar (USD) and outperforming on the crosses, extending its tight post-Jackson Hole range as it maintains its recent gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
NZD/USD Likely to trade between 0.5820 and 0.5920 – UOB Group
The price action provides no fresh clues; New Zealand Dollar (NZD) is expected to range-trade between 0.5835 and 0.5875.
EUR/GBP Price Forecast: Under growing bearish pressure towards the 0.8600 area
The Euro is trading lower for the third consecutive day against the British Pound on Wednesday, with bears attempting to break the bottom of an expanding wedge, at 0.8625 aiming for the bottom of the last two months’ trading range, at 0.8595.In the absence of key fundamental drivers, the Euro is on
USD retraces Jackson Hole losses as markets eye Europe risks – Scotiabank
The US Dollar (USD) is strengthening broadly and meaningfully against all of the G10 currencies as we head into Wednesday’s NA session, making notable gains and hitting fresh local highs against key currencies—most importantly the EUR.
AUD/USD: Likely to trade in a higher range of 0.6440/0.6540 – UOB Group
Australian Dollar (AUD) is likely to trade in a range of 0.6480/0.6510. 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.
USD: Risk of facing deeper Fed rate cuts – BBH
US Dollar (USD) is firmer across the board, though it continues to trade within this month’s narrow range. Nevertheless, political interference with the Fed’s independence and a dovish Fed will continue to undermine USD , BBH's FX analysts report.
GBP/USD: Unclear if there is enough momentum for it to reach 1.3595 – UOB Group
The current price movements still appear to be part of a range-trading phase, likely between 1.3450 and 1.3505.
The euro zone must put its own house in order – Commerzbank
Yesterday, I wrote that I could hardly imagine a scenario in which the dollar would suddenly appreciate massively and regain its former strength. Nevertheless, we could see a correction in EUR/USD. One that comes from the euro side.
EUR/USD expected to trade in a range between 1.1580 and 1.1745 – UOB Group
There has been no increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1610/1.1675. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
United States MBA Mortgage Applications climbed from previous -1.4% to -0.5% in August 22
United States MBA Mortgage Applications climbed from previous -1.4% to -0.5% in August 22
NZD/USD nears multi-month lows at 0.5800 on broad-based US Dollar strength
The New Zealand Dollar is struggling on Wednesday against a stronger US Dollar. The pair depreciates about 0.60% so far, reaching weekly lows right above 0.5820 and approaching four-month lows, at 0.5800
All eyes on Nvidia earnings: Will the tech giant rise in spite of China risks?
The trading mood for equities and cryptos defined by one stock today: Nvidia.
AUD/USD slides to near 0.6470 as US Dollar gains, PCE Inflation in focus
The AUD/USD pair falls to near 0.6470 during the European trading session on Wednesday.
Liquidia (LQDA): Bullish sequence eyes for 28.98 – 39.60 area before pullback start
Liquidia Corporation, (LQDA) is a biopharmaceutical company. It develops, manufactures & commercializes various products for unmet patient needs in the United States. It comes under Healthcare sector in Biotechnology Industry & trades as “LQDA” ticker at Nasdaq.
Breaking: US Consumer Confidence drops to 97.4 in August
US consumer sentiment loses traction in August, as the Conference Board’s Consumer Confidence Index eased slightly to 97.4 from a revised 98.7, snapping the previous recovery.
IIFL Finance Elliott Wave analysis: Wave (2) correction nears completion, bullish rally ahead
IIFL Finance (NSE: IIFL) shows a corrective Elliott Wave pattern (2) with key support at ₹370.10. A potential bullish wave (3) rally may follow soon.
United States Richmond Fed Manufacturing Index above expectations (-17) in August: Actual (-7)
United States Richmond Fed Manufacturing Index above expectations (-17) in August: Actual (-7)
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