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USD: Softer tone as markets await Fed – BNY
BNY's Bob Savage notes that the US Dollar (USD) is slightly softer as record-high equities hold despite higher Oil prices and mixed United States (US) futures.
Oil: Brent back above 100 on war risks – DBS
DBS Group Research’s Philip Wee notes that Brent has climbed back above $100 per barrel as geopolitical risks intensify. The move comes ahead of the War Powers Resolution vote, with markets focused on the potential for an unauthorized extension of US operations and a dual blockade scenario.
NZD/USD Price Forecast: Bulls aim for 0.5930 amid US Dollar weakness
The New Zealand Dollar (NZD) is rallying against a weaker US Dollar (USD) for the second consecutive day on Monday, reaching session highs above 0.5900 at the time of writing, after bouncing at lows around 0.5840 on Friday.
EUR/GBP: Downside risks from head and shoulders – Societe Generale
Societe Generale’s Kenneth Broux and colleagues note that EUR/GBP has formed a lower high near 0.8740 and is struggling above its 200‑day moving average, with price action resembling a Head and Shoulders pattern.
Mexico Trade Balance s/a, $ up to $2.499B in March from previous $-1.09B
Mexico Trade Balance s/a, $ up to $2.499B in March from previous $-1.09B
Mexico Trade Balance, $: $5.932B (March) vs $-0.463B
Mexico Trade Balance, $: $5.932B (March) vs $-0.463B
USD/JPY: Convergence delayed but capped by intervention – HSBC
HSBC strategists highlight that the Japanese Yen (JPY) has been the weakest G10 currency month-to-date, with USD/JPY trading in an unusually narrow range despite Japan’s large net energy import status and Gulf exposure.
Gold: Investor appetite sours on inflation concerns – ING
ING’s Warren Patterson and Ewa Manthey observe that managed money net long positions in COMEX Gold have declined, with investors turning more cautious.
EUR/USD: EU policy risks and weaker German sentiment – BNY
BNY’s Bob Savage highlights that China has criticized the European Union's (EU) proposed Industrial Accelerator Act as discriminatory, warning of possible countermeasures that could affect trade and investor confidence.
US Dollar Index trades upside down near 98.30 ahead of US markets opening
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds its losses suffered after giving back opening gains around 98.30 during the European trading session on Monday, ahead of the United States (US) markets opening.
Gold scales higher as US-Iran peace hopes and easing inflationary concerns undermine USD
Gold (XAU/USD) attracts some dip-buyers at the start of a new week and rallies over $50 from the Asian session low, around the $4,672 region.
EUR/JPY Price Forecast: Tests nine-day EMA support near 186.50
EUR/JPY inches lower after registering modest gains in the previous day, trading around 186.70 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is positioned within the ascending channel, signaling an ongoing bullish bias.
Silver Price Forecast: XAG/USD rises to near $76.00 on increased safe-haven demand
Silver price (XAG/USD) gains ground for the second successive day, trading around $76.00 per troy ounce during the Asian hours on Monday. The white metal inches higher on increased safe-haven demand amid stalled US–Iran peace talks.
EUR/USD Price Forecast: Bounces back to near 1.1730 as 20-day EMA remains supportive
The EUR/USD pair claws back its early losses and turns positive around 1.1730 during the Asian trading session on Monday. The major currency pair gains as the US Dollar (USD) turns upside down.
US Dollar Index declines below 98.50 as Iran offers US deal to reopen Strait of Hormuz
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.45 during the Asian trading hours on Monday. The DXY edges lower after reports that Iran offered the US a proposal for reopening the Strait of Hormuz.
Iran offers US a proposal for reopening the Strait Of Hormuz
Iran gave the United States (US) a new proposal to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations, Bloomberg reported an Axios story on Monday, a US official and two sources with knowledge of the matter.
AUD/USD Price Forecast: Advances to 0.7170 as bulls await range breakout on softer USD
The AUD/USD pair turns positive for the second consecutive day following a modest dip on Monday and climbs to a three-day high, around the 0.7170 region during the Asian session.
Canadian Dollar advances as oil prices gain on stalled US–Iran peace talks
USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US).
NZD/USD eyes 0.5900 on softer USD; bulls seem cautious as US-Iran tensions persist
The NZD/USD pair attracts some dip-buyers at the start of a new week and builds on Friday's bounce from the 200-day Simple Moving Average (SMA) support near the 0.5840 area.
Japanese Yen holds steady as BoJ and Fed rate decisions in focus
The USD/JPY pair trades on a flat note near 159.50 during the early Asian session on Monday. Traders prefer to wait on the sidelines ahead of the key interest rate decisions from both the Bank of Japan (BoJ) and the US Federal Reserve (Fed).
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