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Polish Zloty: Dovish NBP pressures PLN against Euro – ING
ING strategist Frantisek Taborsky says Central and Eastern European FX will be driven by secondary data and policy expectations. A dovish National Bank of Poland stance and market pricing of future rate cuts are seen weighing on the Zloty, with ING’s models pointing EUR/PLN closer to 4.340.
India’s retail CPI rises strongly by 4.38% in June, beats 4.3% estimates
India’s retail Consumer Price Index (CPI) rises at an annualized pace of 4.38% in June, stronger than 4.3% estimates and the previous reading of 3.93%.
Australian Dollar: Momentum fades into sideways band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann observe that AUD/USD has been range‑trading slightly higher than expected, with intraday levels seen between 0.6920 and 0.6960. The earlier tentative upside momentum has faded, and for the next 1–3 weeks the pair is expected to trade between 0.6890 and 0.6975.
Indian Rupee: Range-bound trade risks around CPI – Societe Generale
Societe Generale strategists note that India’s June Consumer Price Index (CPI) release will be important for bond markets, with the 10-year IGB yield holding near its 200-day moving average around 6.71%.
British Pound: Gilt confidence and new leadership – BNY
BNY’s Geoff Yu argues that United Kingdom (UK) assets, including the British Pound (GBP) and gilts, will react more to the choice of chancellor under incoming Prime Minister Andy Burnham than to the leadership change itself.
AUD/USD Price Forecast: Wavers around 0.6950 with bearish momentum fading
The Australian Dollar (AUD) posts marginal losses against the US Dollar (USD) on Monday, as the pair's reversal from Friday's 0.6970 highs found support above 0.6120. Rising tensions in Iran have hammered risk appetite, but the US Dollar’s weakness is keeping the Aussie from retreating further.
EUR/USD Price Forecast: Rises to near 1.1450 after breaking above nine-day EMA
EUR/USD gains ground after posting losses in the previous day, trading around 1.1440 during the European hours on Monday. The currency pair holds just above the nine-day Exponential Moving Average (EMA) but remains capped by the 50-day EMA, keeping the near-term tone cautiously bearish.
Japanese Yen: Mixed outlook within defined band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded after a sharp drop to 161.26, with intraday gains expected to be capped between 161.60 and 162.45. Over the next 1–3 weeks, the outlook is described as mixed, with trading likely between 160.60 and 163.00.
Iran confirms Qatar, Oman, and Pakistan continue to mediate with US
A spokesperson from the Iranian Foreign Ministry has confirmed in the European trade on Monday that efforts from Qatar, Oman, and Pakistan to mediate tensions with the United States (US) continue.
USD/CHF Price Forecast: Bulls remain capped below 0.8100 despite the risk-off market
The US Dollar posts moderate gains against the Swiss Franc (CHF) on Monday, yet with price action contained within the last two weeks’ trading range, and with the 0.8100 level capping bulls for now.
Turkish Lira: Policy limits keep TRY under pressure – Commerzbank
Commerzbank’s Tatha Ghose contrasts upbeat remarks from CBT governor Fatih Karahan with more cautious comments from deputy governor Gazi Ishak Kara on Turkey’s inflation dynamics.
Euro gains strongly against Japanese Yen as latter underperforms across board
The Euro (EUR) is higher by 0.36% to near 185.25 against the Japanese Yen (JPY) during the European trading session on Monday. The Japanese Yen underperforms across the board despite hopes that Japan’s inflation would remain above the Bank of Japan’s (BoJ) 2% target for a longer period.
Equities: Earnings and Fed signals in focus – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 closed at 7575, gaining 0.42%, after a strong week supported by stabilising chip stocks and a rebound in the Philly semiconductor index.