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Euro steadies above 1.1600 ahead of ECB rate decision, US PPI data
The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy meeting and the release of the US August Producer Price Index (PPI) later in the day.
United Kingdom RICS Housing Price Balance above forecasts (-31%) in August: Actual (-28%)
United Kingdom RICS Housing Price Balance above forecasts (-31%) in August: Actual (-28%)
Japan Foreign Investment in Japan Stocks up to ¥690B in September 4 from previous ¥35.8B
Japan Foreign Investment in Japan Stocks up to ¥690B in September 4 from previous ¥35.8B
Japan Foreign Bond Investment increased to ¥111.9B in September 4 from previous ¥-824B
Japan Foreign Bond Investment increased to ¥111.9B in September 4 from previous ¥-824B
Japan Bank Lending (YoY) remains unchanged at 5.4% in August
Japan Bank Lending (YoY) remains unchanged at 5.4% in August
Gold rebounds above $4,400 on weaker Dollar, US PPI inflation data looms
Gold price (XAU/USD) recovers to near $4,400, snapping the three-day losing streak during the early Asian session on Thursday. The precious metal gains ground amid a weaker US Dollar (USD).
United States API Weekly Crude Oil Stock above forecasts (-1.3M) in September 4: Actual (-0.3M)
United States API Weekly Crude Oil Stock above forecasts (-1.3M) in September 4: Actual (-0.3M)
Australian Dollar flatlines as US yield ripples meet RBA hawks
The Australian Dollar is virtually unchanged against the US Dollar on Wednesday amid a light economic calendar, with the US Treasury's announcement of a buyback for the September 10 auction boosting the Greenback. The AUD/USD trades at 0.7219, flat.
Pound Sterling awaits the Fed's two-strike inflation test
The real tension weighing on GBP/USD is a rate parity that masks a divergence. Both central banks sit at 3.75%.
US President Trump pins Iran endgame on midterms, open to talks
US President Donald Trump crossed the wires on Wednesday, saying that the Iran war will end “immediately” right after the US midterm elections. He said that Iranians are “desperate to try and affect the election,” told to reporters before leaving for the Republican National Convention in Dallas.
GBP/JPY Price Forecast: Bears Eye 207.00 as downtrend holds
GBP/JPY falls for the third straight day on Wednesday, but it fails to register a lower low, suggesting buyers are stepping in but lack the strength to push the exchange rate past the opening price, leaving the pair near this week's lows. The cross-pair trades at 208.05, down 0.22%.
South Korean Won: Gains seen moderating after sharp repricing – DBS
DBS Group Research’s Chang Wei Liang notes that USD/KRW has fallen toward 1340 in a steady decline since late June, reflecting earlier optimism on the Korean Won from a booming memory sector and strong investment plans.
NZD/USD Price Forecast: SMA cluster wobbles as US yields bite
The New Zealand Dollar (NZD) extends its losses against the US Dollar (USD), down 0.30% on Wednesday as the Greenback gets underpinned by rising US Treasury yields, with the 10-year reaching its highest level since 2023. The NZD/USD pair trades at 0.5835.