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Fed's Hammack calls for rate hikes, says policy not restrictive enough
Cleveland Fed President Beth Hammack crossed the wires on Monday and was hawkish, noting that the current rate is not “meaningfully restricting the economy” and that there is a need for some number of rate hikes.
US Treasury yields climb as Oil spike revives CPI jitters
US Treasury yields rose on Monday as traders braced for the release of US inflation figures this week, following a worse-than-expected Nonfarm Payrolls report last Friday.
Citi Mexico Survey expects Banxico hold, USD/MXN ending 2026 at 17.90
Citi Mexico released the Expectations Survey on Monday, in which the central bank polled 35 economists to gather their forecasts for monetary policy, the USD/MXN exchange Rate, inflation expectations, and economic growth.
New Zealand Dollar slips as firm US Dollar and Oil keep the Kiwi pinned
The New Zealand Dollar (NZD) trades near 0.5900 against the US Dollar (USD) on Monday, giving back a little ground after a run toward multi-day highs last week.
Bitcoin slips 2% as MARA, Strategy report BTC selling
Bitcoin (BTC) dropped below $64,000, down 2% on Monday, as it erased much of the momentum seen over the weekend. The decline follows reports of selling pressure from crypto-focused companies MARA Holdings (MARA) and Strategy (MSTR).
Silver Price Forecast: XAG/USD extends rally and eyes $69
Silver (XAG/USD) price climbs over 3% on Monday even though US Treasury yields rose, with the white metal refreshing seven-week highs at $66.07. At the time of writing, XAG/USD trades at $65.76 with buyers eyeing key resistance levels.
Forex Today: US Dollar firms as Oil surges on Hormuz
The US Dollar (USD) traded broadly firmer on Monday, with the US Dollar Index (DXY) up around 0.2% and holding just above 99.80 as Oil surged more than 6% on the ongoing Strait of Hormuz standoff.
China: Cost-driven reflation and narrow profit gains – Standard Chartered
Standard Chartered analysts Carol Liao and Moriarty Lam argue that China’s reflation remains largely cost-driven, with industrial profit recovery concentrated in AI- and oil-related sectors. They highlight that domestic demand continues to lag supply, creating a persistent imbalance.
Pound Sterling Price News and Forecast: GBP/USD climbs as Hormuz talks stall, US CPI in focus
The Pound Sterling (GBP) advances during the North American session on Monday, up 0.2% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD pair trades at 1.3520 after bouncing off daily lows of 1.3483. Read More...
SP500 update: Rare pattern sends cautionary signal as breadth fails to confirm rally
A rare technical setup on the S&P500 (SPX), combined with weakening market internals and our Elliott Wave Principle (EWP) count, is raising the possibility that the recent advance is stalling.
Gold is breaking out – And its biggest bull run since 2020 could be starting now [Video]
A historic shift in global capital may already be underway and Gold and Silver are moving rapidly towards its centre.
Breakouts, fakeouts, and the levels that decide what comes next
Friday gave metal bulls something to celebrate, with gold confirming a major breakout and silver finally pushing above its consolidation.
Cryptocurrencies price prediction: XRP, Strategy & Cryptos – American Wrap 10 August
The cryptocurrency market shows signs of trimming gains accrued last week as Bitcoin (BTC) slides below $65,000 at the time of writing on Monday. Meanwhile, Gold (XAU/USD) maintains a bullish outlook, hovering above $4,350.
United States: Weak payrolls and softer retail sales – TD Securities
TD Securities notes July payrolls surprised sharply to the downside, with headline jobs dragged by government hiring, while private employment stayed near breakeven.
Mexican Peso rally pauses ahead of US inflation report
The Mexican Peso (MXN) loses some ground against the US Dollar (USD) on Monday as traders book profits after a worse-than-expected US jobs report last week and as eyes turn to the release of US inflation figures on Wednesday.
WTI jumps over 6% as Strait of Hormuz reopening remains uncertain
West Texas Intermediate (WTI) jumps more than 6% on Monday, erasing last week’s losses as uncertainty over when the Strait of Hormuz will reopen keeps supply concerns and the geopolitical risk premium firmly in place. At the time of writing, WTI trades around $81.15 per barrel, near a one-week high.
Breaking: Iran won't negotiate with the US until Trump's term is done
In a major setback to efforts to reopen the Strait of Hormuz and cool Middle East tensions, Iran ruled out any future negotiations with United States (US) President Donald Trump, according to Iranian outlets and a X post by an adviser to Parliament Speaker Mohammad Bagher Ghalibaf.
LatAm FX: Carry window opens with caveats – BNY
BNY’s Geoff Yu and David Tam argue that a more dovish Federal Reserve (Fed) and weaker United States (US) labor data have improved conditions for Latin American (LatAm) carry trades, but broken correlations with commodities and lingering inflation risks limit momentum.
US President Trump says Iran should pay for regional damage
United States (US) President Donald Trump used a post on his Truth Social platform to push back on Iran's demands for war reparations, arguing that Tehran, not Washington, should carry the bill for the damage and lives lost across the region.
Gold edges higher as Hormuz delays, US CPI keep traders cautious
Gold (XAU/USD) price edges up at the beginning of the week as the reopening of the Strait of Hormuz faces delays due to demands from Iran to the US, and is capped by the modest strength of the Greenback, with traders eyeing the release of crucial US inflation data.
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