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British Pound Rebounds Against Japanese Yen at Start of Data-Packed Week
The British Pound snapped a two-day correction against the Japanese Yen on Monday, rebounding to near 218.60 during European trading.
USD/JPY holds intraday upside bias, range-bound near 162.75 – UOB
United Overseas Bank notes USD/JPY retains an intraday upside bias, with key resistance at 162.75 and 163.00 unlikely to be challenged. The pair is expected to trade within a 161.30–163.00 range over the next one to three weeks.
US Dollar Index Steadies Above 100.50 with Bullish Bias
The US Dollar Index (DXY) steadies near 100.75 in early European trading, maintaining a bullish bias above the key support level of 100.50.
EUR/GBP Dips as Pound Gains Ahead of Burnham Nomination
The euro edged lower against the pound on Monday, trading at 0.8495, as a rebound from 13-month lows failed to sustain momentum, with focus on Andy Burnham's nomination.
Commerzbank: UK Political Stability Supports Sterling for Now
Commerzbank analyst Thu Lan Nguyen notes that the British pound initially strengthened as markets welcomed Andy Burnham’s rapid move into 10 Downing Street and hopes for reduced political uncertainty.
NZD/USD Holds Gains Near 0.5855 After Soft US Inflation Data
The New Zealand Dollar traded higher against the US Dollar on Monday as softer-than-expected US inflation data reduced expectations of further Federal Reserve rate hikes.
USD/CAD Tests 1.4000 After Breaking Below 50-Day EMA
The USD/CAD pair extends losses for a second session, trading near 1.4010 during Asian hours. Technical analysis shows the pair moving lower within a descending channel, signaling ongoing bearish momentum.
Japanese Yen Weakens Against Majors Amid Middle East Tensions
The Japanese Yen is trading lower against most major currencies but slightly higher versus the US Dollar at around 162.35 during early European trading as Middle East conflicts escalate.
Indian Rupee Weakens to 96.46 as Oil Surge Pressures INR
The Indian Rupee opened weak against the US Dollar, with USD/INR rising to near 96.46, driven by a fresh surge in oil prices and continued foreign fund outflows from Indian equities.
EUR/USD Edges Higher to Near 1.1450, Capped Below 100-Day SMA
The EUR/USD pair traded around 1.1445 during early European hours Monday, supported by a hawkish ECB tone, but remains below the 100-day SMA.
Indonesian Rupiah Declines on Fuel Shortage Fears
The Indonesian rupiah weakened against the US dollar as fuel shortages amplify concerns over fiscal strain, ending a four-day recovery.
Euro May Slide to 1.1350 on US-Iran Conflict Risks
A morning briefing warns that the euro could weaken toward 1.1350 as escalating US-Iran tensions may boost the dollar index above 101, pressuring major currencies.
Gold Extends Fragile Recovery as USD Softens, Upside Limited
Gold reverses a modest Asian session dip and extends Friday's bounce from the monthly low, supported by a softer US dollar, though upside potential remains constrained.
AUD/JPY rises to 113.55 on rate differential, intervention risk in focus
The AUD/JPY cross climbed to around 113.55 in early European trading on Monday, supported by the interest rate gap between the RBA and the Bank of Japan. However, potential Japanese intervention looms as a cap on further gains.
EUR/JPY Holds Above Key EMAs, Bullish Bias Intact
EUR/JPY is trading around 185.80 during Asian hours on Monday, maintaining a bullish bias as it stays above both the nine-day and 50-day exponential moving averages.
EUR/USD Struggles Below 1.1500 as Buyers Face Resistance
The pair reached a high of 1.1482 on the 4-hour chart before starting a downside correction, with a move toward the 50% Fibonacci retracement level of the rally from the 1.1376 swing low.
AUD/USD Recovers to Near 0.7000 Amid US Dollar Weakness
The Australian Dollar gains ground against the US Dollar during Asian trading, approaching the 0.7000 level as the greenback weakens.
Swiss Franc Strengthens Ahead of Trade Balance Data, USD/CHF Falls to 0.8070
The Swiss Franc gains support ahead of Trade Balance data, pushing USD/CHF lower to around 0.8070 during Asian trading on Monday.
Gold Targets $3,950 as Iran War Escalates
Gold oscillates near $4,000 in Asian trading Monday as the US-Iran conflict intensifies, with analysts eyeing a potential pullback to $3,950 amid a light US economic calendar.
Silver Price Rises Toward $57.00 Despite Fed Hike Bets
Silver (XAG/USD) extended gains for a second day, trading near $56.80 per troy ounce in Asian hours, as the metal pushes toward $57.00 despite expectations of further Federal Reserve rate hikes.
US Dollar Index Struggles Near 100.80 Despite Iran Tensions, Fed Hike Bets
The US Dollar Index (DXY) trades around 100.80-100.75, nearly unchanged, failing to gain from Iran tensions and Fed rate hike expectations.
Prop Trading Risks and Account Mechanics Explained in New Guide
A new guide breaks down how proprietary trading accounts operate, the risks involved if losses occur, and key factors for selecting a prop firm that matches a trader's strategy.
USD/CAD Drops to Near 1.4005 as Oil Supports Loonie
The Canadian Dollar edged higher against the US Dollar, pushing USD/CAD down to around 1.4005 during Asian hours on Monday, supported by rising crude oil prices.
USD/JPY Holds Near Four-Decade Low as Intervention Fears Cap Yen
The Japanese yen remains close to a 38-year low against the dollar, with USD/JPY trading in the mid-162.00s on Monday amid thin holiday liquidity and growing caution over possible intervention.