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US Dollar (USD) is likely to trade in a range of 7.1160/7.1330. In the longer run, room for USD to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Room for USD to drop below 7.1100 24-HOUR VIE

Gary and I have been best friends since childhood. Last year, when he started a business and was short on cash, he asked to borrow $15,000 from me. Without a second thought, I transferred him the money I had been saving for a car. At the coffee shop, he beat his chest and promised me, "Bro, consider

OPEC did not make any changes to its forecasts in its monthly report, Commerzbank's commodity analyst Carsten Fritsch notes. OPEC's demand forecast may be far too optimistic "According to OPEC's assessment, the oil market remains undersupplied despite the expansion of production by OPEC+, when compa

Partner Center The European Central Bank (ECB) kept its deposit rate unchanged at 2.00% on Thursday, marking the second consecutive pause after eight cuts since June 2024. The unanimous decision came as inflation hovers around the bank’s 2% target and economic risks appear more balanced following re

The short-term Elliott Wave analysis for USDJPY indicates that the decline from the August 1, 2025, high is developing as a double three Elliott Wave structure. From that peak, wave ((w)) concluded at 146.2. The subsequent wave ((x)) rally formed another double three pattern at a lesser degree. Star

GBP/JPY drifts lower as firming BoJ rate hike expectations continue to boost the JPY.A weaker USD and upbeat data underpin the GBP and also lend support to the cross.Fiscal concerns might cap further GBP upside and cap any attempted recovery move. The GBP/JPY cross attracts some follow-through selle

Oversold decline in Euro (EUR) could drop below 1.1600; the major support at 1.1570 is likely out of reach. In the longer run, bias for EUR has shifted to the downside; it is too early to determine whether EUR can break below the major support at 1.1570, UOB Group's FX analysts Quek Ser Leang and Pe

Long term yields raise concerns in Europe.Eurozone inflation flat thanks to weak energy prices.ISM manufacturing PMI ahead. European equities are under heavy pressure this morning, with the DAX down around 1% as risk sentiment sours. This follows a two-week period of weakness in European stocks, as

USD follows forecasted bearish path, rejecting 99.00 and sliding into the 97.80 handle.CME FedWatch shows 89.7% probability of a September Fed rate cut, anchoring a dovish USD bias.NFP jobs data on Friday is the decisive catalyst, with risks skewed toward further downside if labor softness persists.

The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies as we enter Friday’s NA open. Markets eye UK fiscal developments, possible taxes "The move appears to be driven by sentiment as markets remain concerned about the UK’s fiscal situati

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Denmark on Friday slashed its annual growth forecast to 1.4% from 3%, in large part due to weaker expectations for pharmaceutical giant Novo Nordisk. Denmark has recorded strong annual growth in recent years, with its economy expanding 3.7% last year after getting a major boost from pharmaceutical e