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EUR/USD bulls retain control but 1.1560 resistance holds firm
EUR/USD's advance stalled again on Monday at the 1.1560/66 zone, where the 100-day moving average and daily cloud top converge. Bullish momentum persists but the pair has yet to clear this key barrier after a false breakout on Friday.
British Pound climbs against Yen as intervention fades
GBP/JPY rose 0.85% on Monday to around 214.70, with the Yen underperforming across the G10 space as the effects of recent intervention waned.
Hungarian Forint Recovery Against Euro May Resume, Commerzbank Says
Commerzbank sees the Hungarian forint potentially strengthening further against the euro if global risk appetite steadies, with EUR/HUF moving back to 350–355.
Dollar’s path to sustained gains gets steeper, says MUFG
The US dollar faces a higher hurdle for sustained appreciation as weaker jobs data failed to spark a strong reaction, with markets focused on upcoming CPI and NFP releases before the September FOMC meeting, according to MUFG.
Plus500 H1 Revenue $462.9M as Q2 New Customers Fall 12%
Plus500's H1 revenue rose 12% to $462.9 million, though Q2 new customers fell 12%. Higher spending on acquisition, tech and US growth limited EBITDA gains to 1%.
EUR/USD Gains as Soft US Labour Data Dents Fed Rate Hike Bets, Says Rabobank
Rabobank notes that recent EUR/USD strength stems from a softer dollar after weak US labour data reduced expectations for Federal Reserve rate hikes.
TD Securities Expects RBA to Hold Rates at 4.35%
TD Securities strategists anticipate the Reserve Bank of Australia will leave the cash rate unchanged at 4.35%, citing already restrictive policy and slowing housing activity.
BoJ Rate-Hike Expectations Strengthen Japanese Yen
BNY strategist notes rising JGB yields are fueling a roughly 50% chance of a September BoJ hike, lending support to the yen.
Silver Tests $65 but Struggles to Extend Rally on Fed Uncertainty
Silver prices test the $65 level after last week's breakout but face resistance as traders weigh Federal Reserve rate risks and dual mandate concerns.
Fed Hike Odds Drop After Soft US Data, Deutsche Bank Says
Deutsche Bank strategists note that a mixed US jobs report prompted a significant repricing of September FOMC expectations, with the implied probability of a rate hike declining.
Australian Dollar holds near two-month high ahead of RBA decision
The Australian dollar traded in the mid-0.7000s on Monday, near its two-month peak of 0.7088, as markets awaited the Reserve Bank of Australia rate decision. The currency has been supported by broad US dollar weakness.
ActivTrades Rewards Clients With Interest on Uninvested Cash, Paying Up to 2.4% on EUR Balances
ActivTrades is paying interest on idle margin balances — 3.3% a year on USD and 2.4% on EUR up to €100,000 — with automatic monthly crediting and no separate enrollment.
Japanese Yen Slides After Surprise Current Account Deficit
The Japanese yen declined against the dollar and major peers on Monday after a surprise current account deficit raised concerns about Japan's external balance.
US Dollar Slides to Seven-Week Low After Surprise Drop in Employment
The US Dollar hit a seven-week trough after data showed an unexpected 23,000 decline in employment for July, with prior months' figures also revised sharply lower.
Quiet European Trading as Focus Turns to US CPI and Middle East Tensions
European markets saw subdued activity as traders monitored geopolitical developments in the Middle East and await key US inflation data later today.
GBP/USD flirts with 1.3500 as dollar struggles to emerge from NFP shadow
Sterling tested the 1.3500 level on Monday after Friday's US payrolls miss weakened the greenback. The pair is up marginally but struggling to hold above the key psychological barrier.
Nomura Sees Norges Bank Holding Rate at 4.25% in August Amid Soft Inflation
Nomura analysts expect Norges Bank to maintain its policy rate at 4.25% at the upcoming August meeting, pointing to weaker underlying inflation and benign domestic conditions.
USD Index Support Under Pressure After Weak Payrolls Data
The Dollar Index is consolidating near key technical support after a 0.5% drop on Friday, triggered by a disappointing US jobs report that cooled rate-hike expectations.
GBP/USD Opens Week Near 1.3500 as Dollar Retreats on Weak Jobs Data
Sterling climbs to its highest since mid-July above 1.3500 after a soft US labour report dents Fed rate hike bets.
CEE Currencies Face Data-Heavy Week Under Global Pressure
Central and Eastern European currencies brace for a slate of key data releases this week, including Czech and Turkish inflation reports and Polish GDP figures, while broader global pressures weigh on the region.
EUR/USD breaks above resistance as Fed hike bets fade – SocGen
Societe Generale says softer US jobs data and lower odds of a September rate hike are pushing EUR/USD higher.
Hawkish RBA Supports AUD Carry Appeal, BBH Says
Brown Brothers Harriman analyst Elias Haddad highlights the Australian dollar as a top G10 currency due to favorable carry and the Reserve Bank of Australia's hawkish hold.
Silver Price Rises 1.08% to $64.24 per Ounce
Silver traded at $64.24 per troy ounce on Monday, up 1.08% from the prior day's $63.55, according to FXStreet data.
Canadian Dollar Recovery at Risk from US Tariffs, Commerzbank Warns
Commerzbank's Michael Pfister notes improving Canadian economic data supports a recovery in the loonie, but warns that threatened US tariffs could derail the gains.