* German Business Expectations (Aug) 91.6, 90.2 forecast, 90.7 previous

* German Current Assessment (Aug) 86.4 ,86.7 forecast, 86.5 previous

* German Ifo Business Climate Index (Aug) 89.0 , 88.7 forecast, 88.6 previous

*13:00 Belgium NBB Business Climate (Aug) -9.8 forecast,-10.8 previous

EUR/USD : The euro edged lower on Monday as the dollar steadied after last week's sharp fall triggered by remarks from Federal Reserve Chair Jerome Powell that raised expectations of a rate cut next month. Powell signaled on Friday that the Fed may lower rates at its September 17 meeting, citing rising risks to the labor market while cautioning that inflation remains a concern and no decision has been finalized. Markets are now pricing in an 80% chance of a quarter-point cut in September and a total of 48 basis points of easing in 2025. The euro declined 0.2% to $1.1693, pulling back from a four-week high of $1.1742 touched on Friday. Immediate resistance can be seen at 1.1792(23.6%fib), an upside break can trigger rise towards 1.1829(Higher BB).On the downside, immediate support is seen at 1.1631 (38.2%fib), a break below could take the pair towards 1.1488(50%fib ).

GBP/USD: The pound slipped against the dollar on Monday as the U.S. currency attempted to rebound from a four-week low. The dollar's recent weakness stemmed from Fed Chair Jerome Powell's dovish remarks at Jackson Hole on Friday, where he signaled the possibility of a rate cut at next month's meeting. Attention now turns to key U.S. data, with the Fed's preferred inflation gauge, the PCE deflator, due Friday, followed by the August payrolls report next week. Immediate resistance can be seen at 1.3509(Aug 20th high), an upside break can trigger rise towards 1.3583(38.2%fib).On the downside, immediate support is seen at 1.3435(50%fib), a break below could take the pair towards 1.3403(Lower BB).

AUD/USD: "The Australian dollar edged lower on Monday as the U.S. dollar recovered some ground from Friday's losses following Federal Reserve Chair Jerome Powell's dovish pivot. Powell signaled on Friday that the Fed may cut rates at its September 17 meeting, citing rising risks to the labor market while warning that inflation remains a concern and no decision has been finalized. Markets are now pricing in an 87% chance of a quarter-point cut next month and a cumulative 48 basis points of easing by year-end, according to the CME FedWatch Tool. Attention now turns to the RBA, which will release minutes on Tuesday after delivering a unanimous 25 bps cut to 3.6% earlier this month. Immediate resistance can be seen at 0.6517(38.2%fib), an upside break can trigger rise towards 0.6592(Higher BB).On the downside, immediate support is seen at 0.6486(SMA 20), a break below could take the pair towards 0.6404(50%fib).

USD/JPY: The U.S. dollar edged higher against the yen on Monday as the Japanese currency weakened despite hawkish remarks from Bank of Japan Governor Kazuo Ueda. Ueda said wage hikes are broadening beyond major firms and are likely to accelerate amid a tight labor market, signaling conditions for another rate hike are emerging. His comments may reinforce expectations that the BOJ could resume tightening later this year after a pause prompted by U.S. tariff concerns. The BOJ, which ended its decade-long stimulus last year and raised rates to 0.5% in January, held rates steady in July but lifted its inflation forecasts and upgraded its economic outlook, keeping hike expectations intact. Immediate resistance can be seen at 148.72(38.2%fib) an upside break can trigger rise towards 147.70(Higher BB) .On the downside, immediate support is seen at 146.64(50%fib) a break below could take the pair towards 145.93 (Lower BB).

Equities Recap

European stocks retreated on Monday after nearing all-time highs in the prior session, as optimism over U.S. monetary easing faded.

At GMT (12:25) UK's benchmark FTSE 100 was last trading up at 0.13 percent, Germany's Dax was down by 0.22 percent, France's CAC was down by 0.56 percent.

Commodities Recap

Gold edged lower on Monday as the dollar firmed, pulling back from a two-week high after Fed Chair Jerome Powell's dovish comments boosted expectations of U.S. rate cuts

Spot gold inched down 0.1% at $3,367.51 per ounce, as of 1127 GMT, after touching its highest since August 11 on Friday. U.S. gold futures for December delivery eased 0.2% to $3,412.30.

Oil prices rose on Monday as traders weighed risks of Russian supply disruptions from additional U.S. sanctions and Ukrainian strikes on energy infrastructure.

Brent crude futures rose 40 cents, or 0.6%, to $68.13 by 1200 GMT, and West Texas Intermediate (WTI) crude futures gained 44 cents, or 0.7%, to $64.10.