This TikTok Investment Scam Costs Entrepreneur RM245,403
A 56 year old palm oil entrepreneur in Tangkak lost RM245,403 after being drawn into a purported investment scheme advertised on TikTok.
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A 56 year old palm oil entrepreneur in Tangkak lost RM245,403 after being drawn into a purported investment scheme advertised on TikTok.

Japanese Finance Minister (FM) Satsuki Katayama said Tuesday that he confirmed with US Treasury Secretary Scott Bessent that continued, coordinated action on FX is needed.

AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday.

The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh's hawkish remarks at the Jackson Hole symposium.

EURUSD | Bearish Continuation & Downside Potential Fundamental View EUR/USD remains under pressure as the U.S. dollar gains support from renewed expectations of tighter Federal Reserve policy. Fed Chair Kevin Warshs hawkish Jackson Hole remarks increased market expectations for a September rate hike, while higher U.S. short-term Treasury yields have strengthened the dollar. The euro therefore faces additional pressure as the current policy-rate differential favors the USD. Upcoming U.S. …

The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh.

The United Kingdom Maritime Trade Operations (UKMTO) said on Monday that a tanker has reported being struck by three projectiles while sailing out of the Strait of Hormuz, Reuters reported.

GBP/JPY trades flattish for the third straight day as buyers have failed to decisively crack the 217.00 level, which could open the door to further upside. This pushed the cross-pair to the mid-point of the trading range of 216.08-216.85,

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial production.

Commerzbank‘s Dr. Henry Hao argues that two months of broad Purchasing Managers' Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying pressure on Beijing.

Pairs on Watch - FX:EURJPY : We can see the higher timeframe is still committing to the upside and the overall recovery of the volatility to the left. Price is building a clear 4H structure and we have a range to work with, three drives into the base as well which is a nice confluence. I am looking for a simple insurance entry from here, clear 1H push followed by a lower timeframe continuation and manage into the top of the range FX:USDCHF : This pair looks very similar to the DXY which …

OCBCs Sim Moh Siong and Christopher Wong say the Singapore Dollar (SGD) slipped as the broad Dollar rebounded after Jackson Hole, but still retains relative resilience thanks to the S$NEER policy and firm domestic fundamentals.

Gold (XAU/USD) price retreats some 0.40% on Monday after last Friday's hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh, which sparked speculation of a possible rate hike at the September meeting.

Silver (XAG/USD) is little changed on Monday, caught between a weaker US Dollar (USD) and lingering hawkish Federal Reserve (Fed) expectations, leaving the metal without clear direction after tumbling 4.11% on Friday in the wake of Fed Chair Kevin Warsh's hawkish Jackson Hole comments.

AUD/USD trades in a narrow range on Monday as markets weigh hawkish expectations from both the Reserve Bank of Australia (RBA) and Federal Reserve (Fed). At the time of writing, the pair trades around 0.7167, with a modest pullback in the US Dollar (USD) helping cushion the downside.

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is fractionally higher versus the US Dollar (USD), stabilizing after recent losses and attempting a modest recovery from upper-1.15 lows.

The US Dollar (USD) has faded part of Fridays strong advance despite the geopolitical landscape seeming to have deteriorated a tad in the last few days, while market participants appear to have already digested the hawkish remarks from Chair Warsh in Jackson Hole.

The Pound Sterling (GBP) advances during the North American session on Monday, up a modest 0.09%, as the US Dollar (USD) edges lower despite last Fridays hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh, ahead of a packed week of economic data from the United States (US).

EUR/USD holds modest gains on Monday during American trading hours as the US Dollar (USD) struggles to build on Fridays strength, which followed hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.

National Bank of Canada's (NBC) Taylor Schleich and Ethan Currie expect the Bank of Canada (BoC) to keep its overnight rate at 2.25% and maintain current balance sheet policy.