The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.

India FX Reserves, USD: $694.23B (August 25) vs $690.72B

Bitcoin (BTC) price extends rebound and trades near $112,000 at the time of writing on Friday, gaining nearly 4% so far this week, after declining 4.62% in the previous one. This recovery comes amid growing corporate and institutional support.

The USD/CHF remains steady at around the 50-day Simple Moving Average (SMA) of 0.8051, consolidates at around the 0.8050-0.8100 figure for the fourth straight day. At the time of writing, the pair trades at 0.8056 up 0.01%.

Litecoin (LTC) price trades within a falling wedge pattern around $112.5 at the time of writing on Thursday, with a breakout likely to trigger a rally ahead.

Silver Price advances for the second consecutive day after clearing the $40.00 barrier on Tuesday, rises over 2.80% on Wednesday, trading at $41.18, after reaching a 14-year high of $41.46.

Oversold decline in Euro (EUR) could drop below 1.1600; the major support at 1.1570 is likely out of reach.

FX option expiries for Sept 3 NY cut at 10:00 Eastern Time via DTCC can be found below.

Bitcoin (BTC) price is extending its recovery, trading above $110,000 at the time of writing on Tuesday after facing a pullback of nearly 5% last week. On-chain data indicate a rare shift, with long liquidations surpassing shorts by approximately $7 million.

FX option expiries for Sept 1 NY cut at 10:00 Eastern Time via DTCC can be found below.

India FX Reserves, USD down to $690.72B in August 18 from previous $695.11B

South Africa Private Sector Credit up to 5.84% in July from previous 4.98%

Euro (EUR) could rebound further, but it is unlikely to break clearly above 1.1675. In the longer run, EUR is now expected to trade in a range of 1.1580/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Ripple (XRP) offers short-term recovery signals on Wednesday after reclaiming support at $3.00.

Australian Dollar (AUD) is likely to trade in a range of 0.6480/0.6510. In the longer run, slight increase in upward momentum is likely to lead to a higher range of 0.6440/0.6540 rather than a sustained advance, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

There has been no increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1610/1.1675. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Aug 27 NY cut at 10:00 Eastern Time via DTCC can be found below.

Euro (EUR) is likely to trade in a range of 1.1600/1.1690. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Bitcoin (BTC) price extends its correction, trading below $111,600 at the start of the week on Monday after being rejected from its previously broken trendline last week.

FX option expiries for Aug 25 NY cut at 10:00 Eastern Time via DTCC can be found below.

India FX Reserves, USD climbed from previous $693.62B to $695.11B in August 11

Euro (EUR) could drop below the 1.1595 support level, potentially testing 1.1575. In the longer run, downward momentum has increased further, but not significantly; for a continued decline, EUR must first close below 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Bitcoin (BTC) price remains under pressure this week, consolidating above $111,980 support after dropping more than 3%. BTC pullback continued as weakening demand and profit-taking keep weighing in, as spot Exchange Traded Funds (ETFs) saw over $1.15 billion in outflows.

The Euro is losing momentum against the Canadian Dollar on Friday.

FX option expiries for Aug 22 NY cut at 10:00 Eastern Time via DTCC can be found below.

USD/CHF clears the 20-day SMA of 0.8076, rises over 0.56% sponsored by mixed economic data in the US that triggered a reaction by investors, who trimmed dovish Fed bets for the upcoming September meeting. The pair trades at 0.8087, about to crack the 0.81 handle.

Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Aug 21 NY cut at 10:00 Eastern Time via DTCC can be found below.

FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.