HSBC forecasts further yen weakness as the Bank of Japan adopts a cautious stance, likely waiting for the Federal Reserve’s next moves before hiking rates again. Diverging policies keep JPY under pressure against the dollar. Details: forexlive.com/news/hsbc-jpy-weakness
USD/CAD holds steady above 1.3770 amid renewed US dollar strength and key support measures from Canada’s government. Former BoC governor Mark Carney announced financial aid and export programs aimed at bolstering the struggling lumber industry, helping to stabilize the Canadian dollar despite oil price pressure. Market eyes upcoming US inflation data for next directional cues.
UBS projects AUD/USD to climb to 0.70 by early 2026, driven by easing US dollar strength, a rebound in Chinese demand, and narrowing interest rate gaps as the RBA maintains tighter policy. This outlook highlights a bullish phase ahead for the Australian dollar against the greenback. Report via InvestingLive.com.
The GBP/USD pair is testing a significant resistance zone around 1.3030–1.3050 after sustained bullish momentum. Technical indicators like the RSI and moving averages signal room for further upside, while fundamental factors—including the Bank of England’s hawkish stance versus a softer Fed outlook—support potential gains. A successful breach here could open the door to higher levels near 1.3150, making this a critical juncture for traders and investors to watch closely.
USD/CAD holds firm above 1.3770 as Canada rolls out a CAD 700 million support package for the lumber sector, aiming to stabilize jobs and exports amid ongoing U.S. trade tensions. The stimulus could bolster domestic growth and temper Bank of Canada rate moves, sustaining the loonie’s resilience against the dollar.
UBS forecasts a bullish AUD/USD outlook, targeting 0.70 by early 2026. Key drivers include Australia’s resilient economy, sustained commodity prices, cautious RBA policy tightening, and a softer US dollar as Fed easing looms. Market watchers to monitor these macro trends closely.
US dollar edges higher amid cautious market sentiment as resilient US economic data and Federal Reserve’s “higher for longer” rate outlook boost safe-haven demand. Euro weakens on Eurozone growth concerns while sterling steadies after BoE signals pause. Yen remains near multi-decade lows on BOJ’s loose policy.
Credit: Article originally published by Mitrade News (https://www.mitrade.com/au/insights/news/live-news/article-1-1014892-20250806)
EUR/USD is testing a critical support level near 1.1500, where multiple technical factors converge, including the 200-week moving average and 50% Fibonacci retracement. Combined with dovish ECB signals and ongoing eurozone economic challenges, this area may act as a strong pivot point for the pair’s near-term direction. Traders should watch closely around this key cluster. Analysis by Justin Low, ForexLive.
USD/JPY retreats after failing to break above March highs, signaling bearish price momentum. Technicals show lower highs and trading below key moving averages, while fundamentals remain influenced by monetary policy divergence. Watch for upcoming U.S. jobs data and Fed commentary for clues on next directional move.
USD/CAD remains steady above 1.3770 as the Bank of Canada announces targeted support measures for the struggling lumber industry. This intervention aims to stabilize a key export sector amid trade challenges, while U.S. dollar strength keeps the pair well-supported. Market eyes on lumber aid impact and potential BoC policy shifts.
