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USD/CAD Consolidates Near 1.4195 Ahead of US NFP Data
The USD/CAD pair traded flat around 1.4195 during the European session on Monday, with oscillators cooling down and focus shifting to the upcoming US Nonfarm Payrolls report for June.
Gold Weakens on US-Iran De-escalation and Fed Tightening Bets
Gold fell to around $4,050 on Monday, down 0.96%, as investors reduced safe-haven exposure amid easing US-Iran tensions and expectations of further Federal Reserve tightening.
AUD/USD Consolidates in 0.6880-0.6920 Range – UOB
UOB strategist Quek Ser Leang notes AUD/USD remains locked in a short-term range between 0.6880 and 0.6920 following a recent steep decline. Downward momentum is easing, but a clear break above 0.6940 is needed to signal that the key support at 0.6835 is out of immediate danger.
USD Steady as Quiet Week Begins
The US dollar remains stable with little volatility to start the week, and no major US economic releases are expected to drive short-term moves.
MUFG: Asia FX Defensive as US Rates Stay High
MUFG analyst Lloyd Chan notes broad depreciation across Asian currencies since the June FOMC meeting, driven by widening swap differentials and persistently high US rates, leading the bank to maintain a defensive stance on selective Asian FX.
Sterling Resilient but Euro Cross Supported – ING
ING analyst Francesco Pesole notes the British Pound's resilience despite shifting UK fiscal expectations, while the euro cross remains supported.
US Dollar Recovers as US Resumes Iran Bombings After Tanker Attack
The US dollar quickly recouped its losses after the US resumed bombing Iran in response to its attack on tankers in the Strait of Hormuz. Prior to this, the greenback had been falling amid profit-taking on long positions due to reduced expectations of aggressive monetary tightening.
USD/JPY Consolidates Near 2024 High at 162.00 – UOB
United Overseas Bank's Quek Ser Leang notes USD/JPY is consolidating just below the 2024 high of 162.00, with intraday trading expected between 161.45 and the upper boundary.
US Dollar Index Extends Decline Amid US-Iran Tensions
The US Dollar Index (DXY) fell for a third straight day, trading near 101.20 during European hours, as news of halted US-Iran attacks weighed on the greenback.
Lower Oil Prices Bolster Indian Rupee Outlook – Commerzbank
Commerzbank analysts note that lower oil prices and renewed foreign capital inflows are improving the outlook for the Indian Rupee.
MUFG: Elevated Real Yields Support USD, Dampen Asia FX
MUFG analyst Lloyd Chan notes US Treasury yields have eased only slightly, leaving the rates backdrop supportive for the Dollar. Elevated real yields and a 'high-for-longer' narrative sustain USD demand and pressure Asian currencies.
GBP/USD Hovers Around 1.3200 as Geopolitical Tensions Cap Gains
The British Pound traded flat against the US Dollar near 1.3200 on Monday, with bulls restrained by geopolitical tensions and UK political uncertainty while the dollar awaits US employment data.
GBP/USD Bearish Bias Lingers, UOB Sees Drop Toward 1.3110
United Overseas Bank maintains a negative 1-3 week view on GBP/USD, with resistance at 1.3245 and a potential drop toward 1.3110.
Commerzbank: EUR/USD to Grind Higher as Dollar Strength Eases
Commerzbank strategist Michael Pfister expects EUR/USD to gradually rise, attributing recent weakness to temporary dollar strength driven by Fed expectations.
Silver Falls to $58.60 as US-Iran Tensions Fuel Energy Supply Fears
Silver (XAG/USD) declined nearly 1% to around $58.60 during European trading on Monday as renewed US-Iran hostilities raised concerns over energy supply disruptions.
EUR/GBP Slips as ECB Rate Hike Bets Fade Ahead of Annual Forum
The euro edged lower against the pound on Monday, with EUR/GBP trading near 0.8625, as fading expectations for further ECB rate increases weighed on the common currency. Traders are now focused on the ECB's annual forum later in the day.
CEE Flash Inflation Data Due as Oil Drop Eases Price Pressures
Poland, Slovenia, Croatia and Slovakia will publish flash inflation estimates for June as recent oil price declines reduce commodity-driven price pressures.
Gold Slides Ahead of US Jobs Report and Fed Remarks
Gold (XAU/USD) continues to decline pressured by a stronger US dollar and expectations of tighter monetary policy, as markets await the US Nonfarm Payrolls report and comments from Fed Chairman.
Euro Moves Up, Could Retest 1.1400
The euro has edged higher, with potential to retest 1.1400 against the dollar, while the Dollar Index slipped below 101.50. EURINR remains above 107, and EURJPY has also risen.
EUR/USD Holds Steady Near 1.1385 Ahead of Lagarde Speech
The EUR/USD pair is trading around 1.1385 in early European hours on Monday as traders await ECB President Christine Lagarde's remarks and monitor progress in US talks.
USD/CHF Steady Near 0.8100 as Dollar Cools on US-Iran Tensions
The Swiss franc held its ground against the US dollar on Monday, with USD/CHF hovering around 0.8100 as the greenback remained subdued amid market caution following fresh military clashes between the US and Iran.
EUR/USD Weakness Returns as Bulls Fail to Build Momentum
EUR/USD shows renewed weakness after bulls failed to sustain momentum, breaching a bearish trend line and a key Fibonacci retracement level on the 4-hour chart.
EUR/JPY Holds Above 184.00 But Bearish Bias Remains Below 100-Day SMA
The EUR/JPY cross trades near 184.20 during early European session on Monday, but gains may be capped as bearish technical bias persists below the 100-day SMA and traders eye fragile US-Iran tensions.
Gold Bearish as US-Iran Tensions and Death Cross Weigh
Gold begins the week on a bearish note, extending its losing streak to four weeks as US-Iran uncertainty and a Death Cross pattern pressure prices.