EUR/USD stalls below key trendline at 1.1740 – Société Générale

EUR/USD remains rangebound, oscillating around its 50-day moving average and capped by a multi-month descending trendline at 1.1740. A decisive break below last week’s low at 1.1580 would expose deeper retracement targets at 1.1525 and 1.1465, Société Générale's FX analysts note.

50-DMA crisscrossing signals lack of momentum

"EUR/USD has recently evolved within a narrow range, with crisscross movements around the 50-day moving average indicating a lack of clear directional momentum. It has so far struggled to overcome a multi-month descending trend line (1.1740)."

"Last week’s trough at 1.1580 is key support. In case this is breached, EUR/USD may undergo a deeper pullback towards 1.1525, the 61.8% retracement of recent bounce and 1.1465."

Sep 2, 2025

China: Exports likely slowed in August – Standard Chartered

Official manufacturing PMI inched up to 49.4 in August, staying below 50 for five straight months. Export growth likely edged down due to fading front-loading effect and emerging tariff impact. Base effects likely dragged CPI into negative territory; PPI deflation may have eased significantly.

Oil prices rise again – Commerzbank

Oil prices started the month with gains. Brent quickly made up for the 'losses' caused by the contract rollover and broke through the $68 per barrel mark during the course of the day. Due to Labor Day, US markets were closed on Monday, which reduces the significance of yesterday's price movements.