Forex
Natural gas falls 2.6% as bearish flag triggers near $2.65
Technical breakdown below $2.70 extends losses to test $2.62 support, with downside targets set at $2.56 and $2.50.
WTI crude holds below $82 as technicals signal indecision
Oil prices remain trapped between $80 and $84.50 as volume-weighted average price and moving averages cap gains. Traders eye a breakout toward $87.40 or a drop to $75.
Brent crude holds near $88.50 as technicals signal indecision
Brent oil consolidates in a choppy $87-$90 range with low ADX readings and a bearish MACD crossover, while traders eye a breakout toward $94 or a pullback to $82.30.
UBS maintains neutral stance on yen despite Fed-BOJ divergence
Bank projects USD/JPY at 160 by end-2026 and 158 by mid-2027, citing persistent upward pressure from policy divergence.
UBS sees pound strengthening on yield advantage, targets EUR/GBP at 0.85 by 2027
British pound expected to outperform euro as 1.5 percentage-point yield gap supports short-covering and economic momentum. UBS warns UK fiscal policy remains key risk.
Pound steadies as U.S. Treasury buybacks weaken dollar
Sterling holds gains after U.S. debt buyback plan sparks risk-on sentiment, while dollar index struggles to regain footing near 98.70.
Bank of America advises clients to buy NZD/USD at 0.5957
BofA sets a 0.62 target and 0.58 stop-loss for the NZD/USD pair as it pares short dollar positions amid shifting risk distribution and RBNZ hawkishness.
Brazil real strengthens as dollar slips on global, election cues
Dollar falls 0.34% to R$5.1763 as U.S. currency softens globally and traders eye Brazil’s election polls. Central Bank skips FX swap rollovers for a second day.
India's forex reserves hit $716.9 bln, highest in six months
Central bank holdings rise by $10 bln in a week, driven by currency assets and gold. Growth follows policy measures to attract dollar inflows.
Emerging market currencies hit fresh highs as dollar weakens
MSCI emerging market currency index rises 0.3% to extend eight-week winning streak, while equities gain 1.3% as U.S. yields rebound.
Brazilian real strengthens 1% vs dollar as elections loom
The real gained ground on Friday after a 1.53% weekly drop in the dollar, with polls and external factors driving sentiment ahead of October's presidential vote.
Mexico's president defends governor amid U.S. cartel charges
President Claudia Sheinbaum reaffirms national interest over personal motives as Governor Rubén Rocha resumes office one day after U.S. indictments alleging cartel ties. Rocha denies wrongdoing, calling the charges politically motivated.
Ukrainian drone strikes kill 10, hit Ozon warehouse in Russia
Russian air defenses downed 457 drones overnight as attacks targeted logistics hubs and civilians. Ozon shares fell 3% after warehouse strike.
Bitcoin hits extreme overbought RSI 91.8 as price tests $72,914
Bitcoin’s five-hour RSI surged to 91.8, Money Flow Index hit 100, and price briefly touched $72,914 on Aug 20. Trading strategies outline key entry, stop and target levels amid extreme volatility.
Yen intervention by Bessent seen as potential turning point for JPY
Former hedge fund manager-turned-U.S. Treasury Secretary Scott Bessent’s yen-buying campaign may signal a shift in Japan’s FX policy. Analysts at ING estimate the currency is 20% undervalued against the dollar.
Wall Street shifts to 'show me' phase on AI investments as earnings reveal winners and losers
Tech giants like Microsoft and Amazon rewarded for tangible AI returns, while Meta, Alphabet and Tesla face scrutiny over unproven spending. Total AI outlays projected to exceed $700 billion this year.
U.S. Senate to vote on crypto Clarity Act in September
Legislation setting a regulatory framework for digital assets faces a pivotal Senate vote on Sept. 15 after summer recess delays. Passage would define SEC and CFTC oversight roles and could boost mainstream adoption.
BofA flags stable CTA Treasury shorts, rising EUR/USD short-cover risk
Bank of America notes U.S. Treasury futures positioning remains heavily short with limited near-term cover risk, while slower-moving trend followers face pressure to reduce stretched EUR/USD short bets as the dollar weakens.
China’s humanoid robot games expand from niche event to strategic showcase
Beijing’s World Humanoid Robot Games now feature over 100 teams, marking the shift from university contests to a government-backed platform for industrial and consumer robotics.
U.S. imposes 50% tariffs on $20 bln of Canadian imports after trade talks fail
Washington slaps steep duties on key Canadian goods as Ottawa vows retaliatory measures of equal scale. New levies take effect Saturday, adding to existing tariffs on steel, lumber and autos.
TikTok settles U.S. children’s privacy case for $400 million
ByteDance and TikTok resolve allegations of illegal data collection from minors under 13, with lawsuit dismissed. Settlement follows January agreement to restructure U.S. data ownership.
NZD/USD, USD/JPY, AUD/USD in focus as central bank signals drive forex trade
Three major currency pairs are drawing attention next week amid shifting monetary policy expectations, technical setups, and key macro data releases. RBNZ, BoJ, and RBA policy paths remain pivotal.
U.S. and Japan coordinate FX intervention amid yen weakness concerns
Tokyo and Washington intervene to stabilize the yen after recent declines, signaling a broader 'currency alliance' tied to economic and security ties. Upcoming G7 and Jackson Hole meetings in focus.
Mexico expects trade terms akin to USMCA with U.S. after Canada progress
Economy Minister Marcelo Ebrard says Mexico aims for outcomes comparable to U.S.-Canada talks under USMCA review, dismissing Canada's progress as a competitive concern.