Euro strengthens against Canadian Dollar ahead of Germanys HICP data
EUR/CAD appreciates after two days of losses, trading around 1.6120 during the European hours on Monday.
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اردو
EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA
The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh.
Industriya
USD/JPY Forecast: Retreats from one-month high but dip-buying eyed
The USD/JPY pair retreats from the 160.20 area, or a one-month high retested earlier this Monday, and, for now, seems to have snapped a five-day winning streak. Spot prices slide to the 159.80-159.75 region during the Asian session, though the downside potential seems limited.
Industriya
Gold pares losses on softer USD; Fed hike bets cap recovery
Gold (XAU/USD) recovers slightly from sub-$4,400 levels – a one-and-a-half-week low – touched during the Asian session on Monday, though the upside potential seems limited. A softer US Dollar (USD) offers some support to the precious metal and helps trim a part of its intraday losses.
Industriya
Gold extends losses as hawkish Fed bets rise amid US‑Iran tensions
Gold (XAU/USD) attracts fresh sellers following an intraday uptick to the $4,472 region and drops to a one-and-a-half-week low during the Asian session on Monday.
Industriya
Gold price in India: Rates on August 31
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Industriya
GBPCAD D1: Bullish Retest at Weekly Structure — 1.9034 in Focus
GBPCAD is testing an important daily/weekly structure around 1.8818 after the recent bullish recovery. The current area corresponds closely with the previous weekly high from 22 June, making it an important support/resistance flip zone. My bullish scenario is based on the market maintaining this structure rather than simply on short-term momentum. Key levels: • 1.8818 — current structural pivot / previous weekly high • 1.8954 — major weekly resistance and first important upside test • 1.9034 — …
Industriya
AUD/JPY Price Forecast: Declines to near 114.50, but maintains bullish tone above 100-day SMA
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday.
Industriya
Australian Dollar holds above 1.2100 vs NZD; eyes Aussie GDP and RBNZ
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday.
Industriya
Canadian Dollar strengthens despite hawkish Fed rhetoric
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Industriya
British Pound holds modest gains vs soft USD; lacks bullish conviction
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday's heavy losses to over a one-week trough.
Industriya
GBP/USD: Bears may be walking into a trap
From a technical perspective, the broader structure remains constructive. Price recently pushed into the 1.3600–1.3660 weekly supply/liquidity area, where sellers reacted aggressively, bringing the pair back toward the previous breakout zone. For me, this pullback does not automatically represent a bearish reversal. Instead, I see the 1.3505–1.3530 area as the key decision zone for the next directional move. The latest COT report shows GBP non-commercial traders holding 93,612 long contracts …
Industriya
Could we see a reversal from here？
Loonie (USD/CAD) is rising toward the pivot, which has been identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse towards the pullback support. Pivot: 1.3940 1st Support: 1.3775 1st Resistance: 1.4120 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other …
Industriya
EURUSD: Potential Wave Y Downside Setup
On the higher timeframe (3-Day), an ABC correction appears to have completed towards the end of January. Since then, the market has been developing a potential WXY corrective structure to the downside. Wave W unfolded as a clear three-wave move and appears to be completed. We are currently focusing on Wave X, which is developing as a correction to the upside. This X-wave may already be complete, opening the possibility for the final Wave Y to the downside. Based on the current structure, …
Industriya
USDCHF: Rising Channel Continuation Toward the Target Zone
USDCHF is developing a bullish structure on the 1H timeframe, with price action now moving inside a rising channel formed within the broader Primary Triangle. The latest pullback reached the lower boundary of the channel together with the marked support / retest zone around 0.8010–0.8020. Buyers reacted from this area and pushed price back higher, keeping the sequence of higher lows intact. The next important step is confirmation above the 0.8020 area and continued acceptance inside the …
Industriya
South Korean Won: BoK tightening supports KRW against US Dollar – Commerzbank
Commerzbanks Charlie Lay reports that the Bank of Korea (BoK) delivered a second consecutive 25 bp hike to 3.0% and kept a tightening bias, supporting KRW after its sharp appreciation since June.
Industriya
Vietnam: Exports and consumption stay robust – DBS
DBS Group strategists Taimur Baig and Nathan Chow forecast Vietnams goods exports to maintain strong double-digit growth at 27% year-on-year in August 2026, led by electronics and supported by external demand.
Industriya
South Korean Won: BoK front-loading hikes as KRW consolidates – Commerzbank
Commerzbanks Charlie Lay reports the Bank of Korea has delivered back-to-back 25bp hikes to 3.0%, front-loading tightening as growth and core inflation forecasts rise. The bank signals one more hike over six months but may pause to assess effects.
Industriya
Malaysian Ringgit: BNM seen on steady policy path – DBS
DBS Group strategists Taimur Baig and Nathan Chow expect Bank Negara Malaysia (BNM) to keep its Overnight Policy Rate unchanged at 2.75% on September 3, maintaining the stance adopted after its July 2025 insurance cut.
Industriya
Mexican Peso tumbles as Warsh embarks on inflation fight
The Mexican Peso depreciates against the US Dollar on Friday, down by over 0.42% on hawkish remarks by Fed Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback.
Industriya