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GBP/USD Dips Below 1.3350 as Bullish Momentum Fades on Strait Tensions
The British Pound falls against the US Dollar, dipping below 1.3350, as bullish momentum weakens amid rising tensions in the Strait of Hormuz.
USD/CHF Down 0.25% as Market Eyes US Services PMI Data
The USD/CHF pair slipped 0.25% to around 0.8055 during European trading as the US Dollar rebounded. Traders are monitoring upcoming US Services PMI data and reconsidering Fed rate hike expectations.
UOB: GBP/USD Overbought, Eyes 1.3410 but Pullback Risk Limited
United Overseas Bank analyst Quek Ser Leang notes that GBP/USD remains elevated after last week's surge, with an overbought rally still targeting 1.3410. However, any intraday pullback is expected to stay within a tight range of 1.3320–1.3375, limiting the risk of a clear break below support.
EUR/USD Faces Resistance at 20-Day EMA Near 1.1460
The EUR/USD pair trades slightly lower at 1.1428 in early European trading, with the 20-day EMA forming a key barrier near 1.1460. The US Dollar firms after a negative weekly close, pressuring the pair.
Indonesian Rupiah Weakens on Fed Rate Hike Bets, USD/IDR Nears 18,040
The Indonesian rupiah extended losses against the US dollar for a second day, with USD/IDR trading around 18,040 during Asian hours on Monday, as market expectations of continued Federal Reserve interest rate hikes boosted the greenback.
US Dollar Index Rises to Near 101.00 on Fed Hike Expectations
The US Dollar Index (DXY) edged up to around 101.00 during Asian trading, driven by expectations of further Federal Reserve rate hikes this year.
Japanese Yen Falls Toward 162.00 as Carry Trades Outweigh Intervention Risks
USD/JPY extends its recovery from the two-week low near 160.50, approaching the 162.00 level amid carry trade demand despite intervention concerns.
Dollar Index Recovery Pushes Euro Toward 1.1400
The Dollar Index has resumed its uptrend toward 101 after a brief dip, pressuring the euro lower toward 1.1400 and driving USDJPY toward 162/163. EURINR may test 108 while EURJPY extends gains.
EUR/USD Recovery Faces Resistance Near 1.1675 Level
The EUR/USD pair has recovered from recent lows but is encountering stiff resistance near the 1.1675 level and the 100 SMA, with bears remaining active.
EUR/JPY Tests 185.00 After Breaking Above Moving Averages
EUR/JPY extended its gains for a second session, trading near 185.00 during Asian hours on Monday, with a constructive near-term bias as the pair holds above key exponential moving averages.
AUD/USD Retreats from 38.2% Fibo Hurdle, Holds Above 0.6900
The AUD/USD pair snapped a two-day winning streak and retreated from the 38.2% Fibonacci level during Monday's Asian session, but remains above 0.6900.
Silver Price Corrects to Near $61.80, Down 1%
Silver (XAG/USD) fell 1% to around $61.80 during Asian trading on Monday, reversing a four-day winning streak. The decline comes as rising bearish bets on oil prices help limit further downside.
Gold Recaptures 21-Day SMA but Eases from Highs as USD Strengthens
Gold pulled back from ten-day highs above $4,200 early Monday as deteriorating risk sentiment boosted safe-haven demand for the US dollar. The metal still holds above its 21-day SMA, but sellers remain active.
Gold Eases from Two-Week High Below $4,200 as USD Strengthens
Gold (XAU/USD) pulled back from its two-week high just above $4,200 during Asian trading as the U.S. dollar gained traction, capping further upside.
Canadian Dollar Weakens Despite Higher Oil Prices, USD/CAD Edges Higher
The Canadian Dollar weakened on Monday, pushing USD/CAD higher to around 1.4210, though gains may be capped as rising oil prices could support the loonie.
NZD/USD Falls on Weak NZIER Outlook and Commodity Price Drop
The New Zealand Dollar declined against the US Dollar on Monday, with NZD/USD trading around 0.5690. The move follows a 1.0% drop in the ANZ World Commodity Price Index for June amid easing Middle East tensions and lower oil prices.
GBP/USD Holds Steady Near 1.3350 as Iran Tensions Cap Gains
The British pound trades in a narrow range around 1.3350 against the U.S. dollar during the Asian session, unable to extend last week's rally as geopolitical concerns over Iran limit upside momentum.
Japanese Yen Weakens as Import Costs Surge Despite JGB Yields at 30-Year High
The Japanese Yen continues to decline against the US Dollar as high import costs outweigh the boost from 10-year JGB yields hitting a 30-year peak. USD/JPY traded around 161.60 on Monday.
PBOC Sets USD/CNY Fix at 6.8066, Slightly Weaker Yuan
The People's Bank of China set the USD/CNY central parity at 6.8066 for Monday, weaker than Friday's fix of 6.8047, indicating a slight depreciation of the yuan.
Euro Consolidates Below Mid-1.1400s as Hormuz Risks Support USD
EUR/USD trades in a narrow band below mid-1.1400s during Asian session, with safe-haven demand for the dollar underpinned by geopolitical risks in the Hormuz region.
AUD/USD Slides After Weaker TD-MI Inflation Data
The Australian dollar declined against the US dollar following the release of the TD-MI Inflation Gauge, which came in at -0.4% month-over-month, worse than the expected -0.3%.
Amana Hires CTO Andrey Artamonov to Boost MENA Trading
Amana appointed Andrey Artamonov as its Chief Technology and Information Officer to strengthen the MENA neobroker's technology foundation.
J. Safra Sarasin Group to acquire remaining stake in Saxo Bank; Kim Fournais remains Chairman
Bank J. Safra Sarasin announced an agreement to acquire the remaining stake held indirectly by Kim Fournais in Saxo Holding AG, approximately 28.69%, following its earlier majority acquisition.
India Allows Banks to Lend Against Silver as Imports Plunge 87% in May
India's silver imports crashed 87% in May, yet the move reflects a strategic shift as the country now permits banks to use silver as loan collateral for the first time in the world's largest silver market.