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EUR/USD Rebound Targets 1.1565 After Dip to 1.1453, Says UOB
EUR/USD bounced sharply from a low of 1.1453, with UOB analyst Quek Ser Leang noting potential for further gains toward the 1.1565 resistance level intraday.
Plus500 launches Single Stock Futures in the US
Plus500 has launched Single Stock Futures, including Micro contracts, giving US clients access to CME Group-listed products with margin-based leverage and extended trading hours.
German Retail Sales Drop 1.1% MoM in June, Below Expectations
German retail sales unexpectedly fell 1.1% month-on-month in June, compared to the forecast of a 0.5% decline, signaling weaker consumer spending.
Indonesian Rupiah Extends Gains on July Manufacturing PMI Expansion
The Indonesian rupiah strengthened for a fourth straight session, pushing USD/IDR down to around 18,040, after an expansion in the country's manufacturing PMI for July signaled improving economic conditions.
Japanese Yen Surges as US-Japan Signal Joint Intervention
The Japanese Yen strengthened sharply after US and Japanese authorities confirmed coordinated intervention, hinting at further action.
Indian Rupee surges to three-week high on US-Iran peace hopes
The Indian Rupee opened the week with strong gains against the US Dollar, with USD/INR falling 0.25% to near 95.15, its lowest in over three weeks, amid optimism over US-Iran de-escalation.
Euro's Upside Capped Near 1.1600 After Intervention Jolts Dollar, Yen
The euro may struggle to rally beyond 1.1600 as a joint US-BOJ intervention sharply weakened the Dollar Index and USDJPY, with support levels seen at 99.50 and 154.60 respectively.
EUR/USD Bulls Eye 1.1550 After Break Above Key Moving Averages
EUR/USD gained momentum, closing above 1.1500 and key moving averages on the 4-hour chart, targeting 1.1550.
EUR/JPY Slips Below 179.50, Extending Bearish Bias
EUR/JPY traded around 179.40 in Asian hours on Monday, holding below key moving averages and reinforcing a bearish near-term outlook.
EUR/USD advances above 1.1500, 100-day SMA limits upside
The euro pushed above the 1.1500 handle on Monday as improved risk appetite supported the pair, but the 100-day moving average kept gains in check near 1.1535.
Gold Holds Above $4,050 as Inflation Fears Ease, USD Recovery Limits Gains
Gold holds above $4,050 in Asian trading as easing US inflation fears reduce expectations for Fed rate hikes, but a modest US dollar rebound keeps gains in check.
Gold Price Consolidates Near $4,050 as 21-Day SMA Caps Upside Ahead of US-Iran Talks
Gold prices held around $4,050 in Asian trading on Monday, as bearish technical signals outweighed bullish fundamentals. The metal remains capped by its 21-day simple moving average ahead of US-Iran negotiations.
Silver Climbs Past $58 on US-Iran Peace Talks Hopes
XAG/USD rose above $58.00 to trade near $58.20 per ounce in Asian hours, extending the previous day's gains after reports of renewed US-Iran peace negotiations.
US Dollar Index Drops Below 100 as Trump Announces Iran Talks
The US Dollar Index (DXY) fell under the 100 level in Asian trading on Monday after President Trump said new negotiations with Iran would begin. The greenback weakened against a basket of major currencies as risk sentiment improved.
Canadian Dollar Drifts Lower as Oil Decline Counters Weak USD
The Canadian dollar edged lower against the US dollar on Monday, as falling crude oil prices offset a weaker greenback. USD/CAD traded around 1.4030, up less than 0.1%, lacking strong directional conviction.
AUD/USD Eases After China PMI-Inspired Bullish Gap, Stays Above 0.7030
The Australian dollar initially jumped against the US dollar following stronger Chinese manufacturing PMI, but later gave back some gains, though kept trading around 0.7030.
NZD/USD Holds Gains Near 0.5900 Despite Weaker China PMI
The New Zealand dollar held firm around 0.5890 on Monday even as Chinese PMI data disappointed, showing resilience in the Asian session.
Aussie Dollar Slumps Near April Lows Amid US-Japan Yen Intervention
The Australian dollar extended its decline against the yen to a fifth consecutive session, falling to its weakest since early April after reports of joint US-Japan currency intervention lifted the Japanese currency.
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USD/JPY Tumbles Below 155.50 on Joint Japan-US Intervention
USD/JPY fell to near 155.45, its lowest since May 6, after Japan announced coordinated intervention with the United States to support the yen.
Yen surges past 155.50 after US-Japan joint intervention reports
USD/JPY tumbled to near 155.45 in early Asian trading Monday, its lowest since May 6, following reports of a coordinated intervention by Japan and the US.
Trump: Iran talks to start Monday after scrapped attack
President Trump said a new round of Iran negotiations will begin Monday, having called off a planned military strike partly at the request of Middle Eastern allies including Saudi Arabia, Bloomberg reported.
Euro holds near mid-1.1500s, highest since June 17 on reduced Fed hike bets
EUR/USD trades near 1.1550, its strongest level since mid-June, as fading expectations for aggressive Fed rate hikes weigh on the dollar.
PBOC sets USD/CNY fix at 6.7898, marginally weaker
The People's Bank of China fixed the USD/CNY daily reference rate at 6.7898 on Monday, a slight depreciation from Friday's fix of 6.7894.