InterstellarFX

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD could still grind lower to the 1.1500 region in the next weeks. GBP/USD GBP/USD remains pressured on a day, pares the first weekly gains in five. French MP threatens UK over fishing row, EU braces for new NI protocol proposals. USD/JPY USD/JPY is looking to build onto Thursday’s solid recovery, with all eyes on the 112.00 figure, as investors remain cheerful heading into the all-important US NFP release. AUD/USD AUD/USD has wiped out early gains and trades

EUR/USD FX Strategists at UOB Group noted EUR/USD could now slip back to the 1.1500 region in the next weeks. GBP/USD GBP/USD is forecast to maintain the 1.3460/1.3680 range for the next weeks, suggested FX Strategists at UOB Group. USD/JPY A combination of factors assisted the USD/JPY pair to gain some positive traction during the early part of the trading action on Thursday, albeit the uptick lacked bullish conviction. The risk-on impulse in the markets undermined the safe-haven Japanese yen, which was further pressure after

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD could still slip back to the 1.1530 region while below 1.1655. GBP/USD FX Strategists at UOB Group noted Cable is still seen within the 1.3460/1.3680 band for the time being. USD/JPY Focus remains on key resistance at 112.23/50 as USD/JPY recovers off the 110.80 August high. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to struggle initially at the aforementioned resistance but with an eventual break opening up the 114.55

EUR/USD FX Strategists at UOB Group noted that a surpass of 1.1655 should alleviate the downside pressure in EUR/USD. GBP/USD GBP/USD snaps three-day uptrend, sellers attack intraday low of late. UK’s Frost again warns EU over NI protocol, brands US President Biden as no more than an “interested observer”. UK PM Johnson eyes post-covid economy guide during first annual Conservatives meet since 2019. Fears over China financial markets, anxiety over US stimulus, debt ceiling favor USD strength ahead of the key PMIs. USD/JPY Extra gains in USD/JPY seem

EUR/USD According to FX Strategists at UOB Group, a drop to 1.1530 in EUR/USD now seems to have lost some traction. GBP/USD Having failed to clear a strong supply zone near 1.3580 recently, GBP/USD has turned south starting out a fresh week, now consolidating near mid-1.3500s. The renewed Brexit concerns, fuel supply issues and a broad rebound in the US dollar are weighing negatively on the cable, as investors digest the latest China Evergrande story. USD/JPY USD/JPY flirts with 111.00, intraday top 111.11, as European traders

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD risks further decline in the next weeks. GBP/USD GBP/USD has dropped into two.-year lows. The cable is set to extend its decline on a break below 1.3515, the 2019 high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. USD/JPY Following the recent sharp upside, USD/JPY faces the next resistance at 112.20 in the next weeks, noted FX Strategists at UOB Group. AUD/USD AUD/USD seen re-visiting the 0.7175 level on a close below 0.7220, suggested

EUR/USD According to Bloomberg, the EU-U.S. trade meeting this week may be a bit narrower in scope than originally planned. France wasn’t ready to agree to the draft conclusions for the meeting. The meeting is aimed at closing the chapter on four years of transatlantic conflict. USD/JPY USD/JPY prices are on the way to a yearly peak of 111.65. Overbought RSI may challenge the bulls afterward, if not then an upper line of the six-month-old rising channel, near 112.30, will be the key

EUR/USD In opinion of FX Strategists at UOB Group, EUR/USD remains poised to keep the consolidation between 1.1700 and 1.1800 in the next weeks. USD/JPY USD/JPY moved through the first resistance at 110.50 before stalling at 110.80. Terence Wu, FX Strategist at OCBC Bank, expects the pair to march forward following higher US Treasury yields. GBP/USD Cable is still seen within the 1.3650-1.3810 rangebound theme for the time being, noted FX Strategists at UOB Group. USD/CHF Given the upbeat RSI conditions, not overbought, as well as the

U.S. Federal Reserve According to Bloomberg, Federal Reserve Chair Jerome Powell said the U.S. central bank could begin scaling back asset purchases in November and complete the process by mid-2022. Officials revealed a growing inclination to raise interest rates next year. Powell, explaining the U.S. central bank’s first steps toward withdrawing emergency pandemic support for the economy, told reporters Wednesday that tapering “could come as soon as the next meeting.” That would be on Nov. 2-3. The Fed also raised its