Euro – US Dollar

EUR/USD is trading above 1.0800 in the European session on Monday. The pair is benefiting from a broadly subdued US Dollar, as investors weigh the Fed-ECB policy divergence amid a US holiday and ahead of EU Sentix data and ECB President Lagarde’s speech.
If trading above 1.08090 is traded, the growth will likely continue to 1.08459.
On the other hand, if it trades below the range of 1.08090, the decline is likely to continue to 1.06996.

US Dollar – Japanese Yen

USD/JPY stays defensive around 146.10-15 heading into Monday’s European session after witnessing a sluggish start to the key week comprising Japan growth numbers and the US ISM Services PMI. The Yen pair’s latest inaction could be linked to the US Labor Day holiday, as well as mixed clues about the US Federal Reserve (Fed) and the Bank of Japan (BoJ).
If the pair continues to trade above the range of 145.625 It is likely to continue climbing to 146.812.
On the other hand, if the pair is traded below 145.625, it is expected to continue falling to 143.192.

British Pound – US Dollar

GBP/USD is edging higher toward 1.2650 amid a subdued USD demand in the European trading hours. The uncertainty over the Fed’s rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders
If the pair is trading above 1.26252it is expected to climb to the range of 1.27611.
On the other hand, if the pair trades below 1.26252 it is expected to fall to the range 1.24893.

US Dollar – Swiss Franc

USD/CHF bulls take a breather ahead of the key Swiss Q2 GDP heading into Monday’s European session. In doing so, the Swiss Franc (CHF) pair prints the first daily loss in three despite staying within a one-month-old bullish trend channel.
If the pair is trading above 0.88384 it is expected to climb to the range of 0.88213.
On the other hand, if the pair trades below 0.88384 it is expected to fall to the
range 0.87697.

Gold – US Dollar

Gold Price remains on the front foot as bulls prod the early August swing high while keeping the reins past the $1,936-38 support confluence. The precious metal cheers the US Dollar’s retreat amid fears about the Federal Reserve’s policy pivot, especially after witnessing mostly downbeat figures in the last few days.
If the pair is trading above 1942.47 It is expected to climb to the 1950.52 range.
on the other hand, if the pair trades below 1942.47 It is expected to fall to the range of 1932.04

Euro – US Dollar

EUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited.
If trading above 1.07248 is traded, the growth will likely continue to 1.07712.
On the other hand, if it trades below the range of 1.07248, the decline is likely to continue to 1.06784.

US Dollar – Japanese Yen

The USD/JPY pair retreats from a Year-To-Date (YTD) high of 147.87 and trades around 147.50 during the Asian session on Thursday. The better-than-expected US data lift the US Dollar (USD) against its rivals. Wednesday’s Kyodo News cites anonymous sources to affirm that the Japanese government is likely to implement new economic stimulus measures in October, per Reuters.
If the pair continues to trade above the range of 147.514 It is likely to continue climbing to 148.314.
On the other hand, if the pair is traded below 147.514, it is expected to continue falling to 146.714.

British Pound – US Dollar

GBP/USD is consolidating losses around 1.2500 amid risk-averse European trading on Thursday. Dovish comments from BoE Governor Bailey and the ongoing US Dollar strength continue to weigh on the pair. Focus shifts to US data and Fedspeak for fresh trading directives.
If the pair is trading above 1.25226it is expected to climb to the range of 1.26291.
On the other hand, if the pair trades below 1.25226 it is expected to fall to the range 1.24163.

US Dollar – Swiss Franc

USD/CHF clings to mild gains around the highest levels in two months, lacks momentum near 0.8920 heading into Thursday’s European session during a three-day winning streak
If the pair is trading above 0.89129 it is expected to climb to the range of 0.89411.
On the other hand, if the pair trades below 0.89129 it is expected to fall to the
range 0.88492.

Gold – US Dollar

Gold Price struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion.
If the pair is trading above 1920.52It is expected to climb to the 1934.47 range.
on the other hand, if the pair trades below 1920.52 It is expected to fall to the range of 1906.58

Euro – US Dollar

EUR/USD is attempting a bounce toward 1.0750, shrugging off the downbeat German factory data in the European morning on Wednesday. The US Dollar is retreating alongside the US Treasury bond yields, despite a risk-off market mood. EU Retail Sales, US PMIs eyed.
If trading above 1.07429 is traded, the growth will likely continue to 1.08352.
On the other hand, if it trades below the range of 1.08429, the decline is likely to continue to 1.06506.

US Dollar – Japanese Yen

USD/JPY retreats to near 147.50 after hitting a fresh YTD peak, snapping a three-day winning streak. Intervention fears and a softer risk tone underpin the JPY and exert pressure on the pair. The divergent BoJ-Fed policy stance should help limit any meaningful corrective slide.
If the pair continues to trade above the range of 147.247 It is likely to continue climbing to 148.560.
On the other hand, if the pair is traded below 147.247, it is expected to continue falling to 146.695.

British Pound – US Dollar

GBP/USD is advancing toward 1.2600, rebounding from its lowest level since June 13 in early Europe on Wednesday. The pair is underpinned by a broad pullback in the US Dollar from six-month highs, as the focus shifts to the US ISM Services PMI for fresh cues.
If the pair is trading above 1.25763it is expected to climb to the range of 1.26805.
On the other hand, if the pair trades below 1.25763 it is expected to fall to the range 1.24723.

US Dollar – Swiss Franc

USD/CHF consolidates around 0.8890 during the Asian session on Wednesday, grappling to retreat the losses from the previous session. However, the pair experienced downward pressure, primarily driven by the strength of the US Dollar (USD). The yield on the 10-year US Treasury bond rose to 4.25%, up by 1.51%, which is contributing the support in underpinning the US Dollar (USD).
If the pair is trading above 0.88821 it is expected to climb to the range of 0.89411.
On the other hand, if the pair trades below 0.88821 it is expected to fall to the
range 0.88612.

Gold – US Dollar

Gold Price seesaws within a key trading range despite the previous day’s heavy loss. Fears of economic slowdown in Beijing contradict US soft landing chatters and weigh on the Gold Price. US ISM Services PMI, Fed talks eyed for fresh impulse.
If the pair is trading above 1930.33It is expected to climb to the 1935.37 range.
on the other hand, if the pair trades below 1930.30 It is expected to fall to the range of 1916.53

Euro – US Dollar

EUR/USD is trading above 1.0800 in the European session on Monday. The pair is benefiting from a broadly subdued US Dollar, as investors weigh the Fed-ECB policy divergence amid a US holiday and ahead of EU Sentix data and ECB President Lagarde’s speech.
If trading above 1.08090 is traded, the growth will likely continue to 1.08459.
On the other hand, if it trades below the range of 1.08090, the decline is likely to continue to 1.06996.

US Dollar – Japanese Yen

USD/JPY stays defensive around 146.10-15 heading into Monday’s European session after witnessing a sluggish start to the key week comprising Japan growth numbers and the US ISM Services PMI. The Yen pair’s latest inaction could be linked to the US Labor Day holiday, as well as mixed clues about the US Federal Reserve (Fed) and the Bank of Japan (BoJ).
If the pair continues to trade above the range of 145.625 It is likely to continue climbing to 146.812.
On the other hand, if the pair is traded below 145.625, it is expected to continue falling to 143.192.

British Pound – US Dollar

GBP/USD is edging higher toward 1.2650 amid a subdued USD demand in the European trading hours. The uncertainty over the Fed’s rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders
If the pair is trading above 1.26252it is expected to climb to the range of 1.27611.
On the other hand, if the pair trades below 1.26252 it is expected to fall to the range 1.24893.

US Dollar – Swiss Franc

USD/CHF bulls take a breather ahead of the key Swiss Q2 GDP heading into Monday’s European session. In doing so, the Swiss Franc (CHF) pair prints the first daily loss in three despite staying within a one-month-old bullish trend channel.
If the pair is trading above 0.88384 it is expected to climb to the range of 0.88213.
On the other hand, if the pair trades below 0.88384 it is expected to fall to the
range 0.87697.

Gold – US Dollar

Gold Price remains on the front foot as bulls prod the early August swing high while keeping the reins past the $1,936-38 support confluence. The precious metal cheers the US Dollar’s retreat amid fears about the Federal Reserve’s policy pivot, especially after witnessing mostly downbeat figures in the last few days.
If the pair is trading above 1942.47 It is expected to climb to the 1950.52 range.
on the other hand, if the pair trades below 1942.47 It is expected to fall to the range of 1932.04

Euro – US Dollar

EUR/USD is easing toward 1.0900, stalling the previous recovery in the early European morning on Thursday. The US Dollar finds its feet, as markets turn cautious ahead of key inflation data releases from the Eurozone and the US.

If trading above 1.09096 is traded, the growth will likely continue to 1.09642.

On the other hand, if it trades below the range of 1.09096, the decline is likely to continue to 1.08201.

US Dollar – Japanese Yen

The GBP/USD pair consolidates its weekly gains registered over the past three days and seesaws between tepid gains/minor losses through the Asian session on Thursday. Spot prices trade around the 1.2720 region, nearly unchanged for the day and just a few pips below a one-week high touched on Wednesday.

If the pair is trading above 1.26882it is expected to climb to the range of 1.27557.

On the other hand, if the pair trades below 1.26882 it is expected to fall to the range 1.25725.

British Pound – US Dollar

The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Job

The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Jobless Claims due later in the North American session.

If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.

On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.

less Claims due later in the North American session.

If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.

On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.

US Dollar – Swiss Franc

The USD/CHF pair gained traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) following the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core Personal Consumption Expenditure Price Index (PCE) and the weekly Jobless Claims due later in the North American session.

If the pair is trading above 0.87763 it is expected to climb to the range of 0.88079.

On the other hand, if the pair trades below 0.87763 it is expected to fall to the range of 0.87178.

Gold – US Dollar

Gold Price holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Fed policy pivot and bolstered the XAU/USD price.

If the pair is trading above 1942.75 It is expected to climb to the 1950.55 range.

on the other hand, if the pair trades below 1942.75 It is expected to fall to the range of 1936.42

USD Index regains composure near 103.70 ahead of key data

The EUR/USD reached two-week highs at 1.0947 and subsequently experienced a pullback, although it has remained comfortably above the 1.0900 level. The overall bias continues to favor the upside, with support coming from the corrective movement of the US Dollar. Recent data releases from the US have exerted pressure on the Greenback, while inflation figures in the Eurozone suggest that additional tightening may be necessary from the European Central Bank (ECB).
The annual inflation rate in Germany fell from 6.2% to 6.1% in August. Although the trend is downward, it remains elevated. In Spain, the annual rate rose from 2.3% to 2.6% as expected, with the core rate remaining above 6%. Despite the downward trend, inflation levels remain too high, leaving room for potential tightening from the ECB. Consumer and business confidence indicators dropped in August. On Thursday, more inflation data is due with the Eurozone Consumer Price Index.
Employment in the US private sector is expected to rise by 195,000 in August following the 324,000 increase recorded in July. A reading between 100,000 and 150,000 could cause investors to continue to lean toward a no change in the Fed policy rate in 2023 and hurt the USD. According to the CME Group FedWatch Tool, markets are currently pricing in a 50% probability that the Fed interest rate will remain unchanged at 5.25%-5.5% range by the end of the year.
Gold Price (XAU/USD) holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Federal Reserve’s (Fed) policy pivot and bolstered the XAU/USD price. On the same line could be the hopes of witnessing more stimulus from the key customer China. However, the cautious mood ahead of the top-tier data and mixed activity numbers from China prod the Gold buyers hopeful.
Looking ahead, the Eurozone CPI and HICP numbers for August will join the risk catalysts to entertain the XAU/USD traders. However, major attention will be given to the US Core Personal Consumption Expenditure (PCE) Price Index for August, expected to remain unchanged at 0.2% MoM but edge higher to 4.2% YoY from 4.1% prior. Should the US inflation gauge ease, the Gold buyers will seek softer clues from the Nonfarm Payrolls (NFP) to confirm an end to the Fed’s hawkish cycle, which in turn can propel the XAU/USD price.
S&P500 futures remain sideways amid a quiet market mood as investors await the US private employment data. US equities were significantly bought on Tuesday after weaker than anticipated Job Openings data, which elevated Federal Reserve (Fed) soft landing hopes. Softer labor demand indicates that the job market is losing its resilience.
Fewer demand for labor by US firms was also the outcome of lower resignations by workers. Employees seem reluctant to switch jobs as the labor market is not as hot as it was earlier. For more information about the current status of the US labor market, ADP Employment data will be keenly watched.
The USD/CHF pair lost its recovery momentum and held below the 0.8800 mark during the early Asian trading hours on Thursday. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD against six other major currencies, loses momentum and hovers around 103.00. At the time of writing, the USD/CHF is trading at 0.8772, losing 0.14%.
Automatic Data Processing, Inc. reported on Wednesday that the US ADP Employment Change dropped to 177K in August from 371K in July and came in below the market expectation of 195K. Additionally, the first estimate of Personal Consumption Expenditures (PCE) Prices in Q2 fell to 2.5% versus 2.6% prior. Finally, the second estimate of Gross Domestic Product (GDP) Annualised Q2 decreased to 2.1% from the first estimation of 2.4%.

Euro – US Dollar

EUR/USD is trading firmer above 1.0800, moving away from over a two-month low. The pair is supported by a modest USD downtick. Retreating US bond yields and a positive risk tone turn out to be key factors weighing on the Greenback ahead of the US jobs and sentiment data.

If trading above 1.08170 is traded, the growth will likely continue to 1.08507.

On the other hand, if it trades below the range of 1.08170, the decline is likely to continue to 1.07833.

US Dollar – Japanese Yen

The USD/JPY pair oscillated in a narrow range near 146.42 during the early European trading hours on Tuesday.

If the pair continues to trade above the range of 146.492 It is likely to continue climbing to 146.713.

On the other hand, if the pair is traded below 146.492, it is expected to continue falling to 146.022.

British Pound – US Dollar

GBP/USD is holding on to the renewed upside, heading toward 1.2850 in the European morning on Tuesday. The extended retreat in the US Dollar alongside the US Treasury bond yields underpin the pair. Focus shifts to the mid-tier US economic data for fresh cues.

If the pair is trading above 1.25971it is expected to climb to the range of 1.26469.

On the other hand, if the pair trades below 1.25971 it is expected to fall to the range 1.25789.

US Dollar – Swiss Franc

The USD/CHF pair extended its upside for the second consecutive day above the mid-0.8800s during the Asian session on Friday.

If the pair is trading above 0.88352 it is expected to climb to the range of 0.88526.
On the other hand, if the pair trades below 0.88352 it is expected to fall to the range of 0.87997.

Gold – US Dollar

Gold Price defends the previous weekly recovery, the first in five, as it rises for the second consecutive day amid the broad US Dollar weakness. Also adding strength to the XAU/USD rebound is the cautious optimism in the market, as well as the downbeat Treasury bond yields.

If the pair is trading above 1920.00 It is expected to climb to the 1933.44 range.

on the other hand, if the pair trades below 1920.00 It is expected to fall to the range of 1913.99

Euro – US Dollar

EUR/USD is trading under pressure below 1.0800 on Friday’s European morning. The US Dollar attracts safe-haven flows, as investors turn cautious ahead of the speeches from Fed Chair Powell and ECB President Lagarde at the Jackson Hole Symposium. German IFO coming up next.

If trading above 1.08226 is traded, the growth will likely continue to 1.08528.

On the other hand, if it trades below the range of 1.08226, the decline is likely to continue to 1.07685.

US Dollar – Japanese Yen

USD/JPY trades higher around 146.00, recovering the recent losses during the early trading hours in the European session on Friday. The Japanese (Yen) experiences downward pressure due to mixed Japan’s inflation figures

If the pair continues to trade above the range of 145.579 It is likely to continue climbing to 147.038.

On the other hand, if the pair is traded below 145.579, it is expected to continue falling to 145.085.

British Pound – US Dollar

GBP/USD is losing ground toward 1.2550 in the European morning. The pair respects the broad US Dollar strength ahead of the central bankers’ showdown at the annual Jackson Hole Symposium. Reduced bets for a 6% BoE peak rate also add to the weight of Cable.  

If the pair is trading above 1.26355, it is expected to climb to 1.27780. 

On the other hand, if the pair trades below 1.26355 it is expected to fall to the range 1.25427. 

US Dollar – Swiss Franc

The USD/CHF pair extends its upside for the second consecutive day above the mid-0.8800s during the Asian session on Friday.

If the pair is trading above 0.88223 it is expected to climb to the range of 0.89173.

On the other hand, if the pair trades below 0.88223 it is expected to fall to the range 0.87898.

Gold – US Dollar

Gold Price reverses from a fortnightly high while consolidating the first weekly gains, so far, ahead of the top-tier central bankers’ speeches at the Jackson Hole Symposium. In doing so, the bright metal bears the burden of the recently firmer US Treasury bond yields and the USD.

If the pair is trading above 1916.97 It is expected to climb to the 1922.18 range.

on the other hand, if the pair trades below 1916.97 It is expected to fall to the range of 1905.44

Euro – US Dollar

EUR/USD is extending gains above 1.0900, gathering upside traction in the European session. The pair takes advantage of an improving mood and sluggish US Treasury yields alongside a broadly weaker US Dollar. The focus shifts to US housing data and Fedspeak.

If trading above 1.09014 is traded, the growth will likely continue to 1.09300.

On the other hand, if it trades below the range of 1.09014, the decline is likely to continue to 1.08892.

US Dollar – Japanese Yen

USD/JPY consolidates the week-start gains by printing mild losses around 146.00 heading into Tuesday’s European session.

If the pair continues to trade above the range of 145.928, It will likely continue climbing to 146.717.    

On the other hand, if the pair is traded below 145.928, it is expected to continue falling to 144.668.

British Pound – US Dollar

GBP/USD is advancing toward 1.2800, snapping a four-week downtrend early Tuesday. A broad-based US Dollar softness, a pause in the US Treasury yields rally, and a cautiously optimistic market mood helps the pair recover further ground.

If the pair is trading above 1.27456 it is expected to climb to the range of 1.28019.

On the other hand, if the pair trades below 1.27456 it is expected to fall to the range 1.27244.

US Dollar – Swiss Franc

USD/CHF takes offers to extend the previous week’s U-turn from a multi-day-old resistance line amid early Tuesday, down 0.10% intraday near 0.8775 by the press time.
If the pair is trading above 0.87978 it is expected to climb to the range of 0.88157.

On the other hand, if the pair trades below 0.87978 it is expected to fall to the range 0.87498.

Gold – US Dollar

Gold Price portrays bearish consolidation at the lowest level in five months while defending the week-start rebound amid mixed sentiment. US Dollar’s downbeat performance allows the XAU/USD to pare previous losses at the multi-day bottom.

If the pair is trading above 1892.76 It is expected to climb to the 1906.66 range.

on the other hand, if the pair trades below 1892.76 It is expected to fall to the range of 1886.80

Euro – US Dollar

EUR/USD is posting small gains in Monday’s European morning, having stalled its recovery under 1.0900. The upside seems capped in the wake of renewed safe-haven demand for the US Dollar. Traders now look forward to the Buba monthly report for a fresh impetus.

If trading above 1.08692 is traded, the growth will likely continue to 1.09181.

On the other hand, if it trades below the range of 1.08692, the decline is likely to continue to 1.08202.

US Dollar – Japanese Yen

The USD/JPY pair oscillates in a narrow range below the mid-145.00s heading into the early Asian session on Monday. Traders prefer to wait on the sidelines amid the risk-averse mood and await the Federal Reserve (Fed) Chairman Jerome Powell Speaks at the Jackson Hole Symposium on Friday.

If the pair continues to trade above the range of 145.379 It is likely to continue climbing to 146.212.

On the other hand, if the pair is traded below 145.379, it is expected to continue falling to 144.963.

British Pound – US Dollar

GBP/USD attracts some buyers on the first day of a new week, sticking to its modest gains, below mid-1.2700s. The pair remains confined in familiar trading, as the mixed fundamental backdrop warrants caution ahead of the Fed’s Jackson Hole Symposium due later this week

If the pair is trading above 1.27290 it is expected to climb to the range of 1.28059.

On the other hand, if the pair trades below 1.27290 it is expected to fall to the range of 1.26920

US Dollar – Swiss Franc

USD/CHF lacks clear momentum around 0.8820, after refreshing a six-week high to 0.8828 heading into Monday’s European session. In doing so, the Swiss Franc (CHF) pair portrays the market’s indecision ahead of the top-tier data/events.

If the pair is trading above 0.88077 it is expected to climb to the range of 0.88420.

On the other hand, if the pair trades below 0.88077 it is expected to fall to the range of 0.87880.

Gold – US Dollar

Gold Price remains on the back foot at the lowest level in five months as market players seek solace in the US Dollar amid uncertainty ahead of this week’s top-tier data/events. Also exerting downside pressure on the XAU/USD could be the pessimism surrounding one of the world’s most significant commodity users, namely China.

If the pair is trading above 1890.92 It is expected to climb to the 1895.10 range.

on the other hand, if the pair trades below 1890.92 It is expected to fall to the range of 1880.88