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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.
Dow Jones futures slip on rising risk aversion
Dow Jones futures lose 0.12% to trade around 52,840 during European trading hours on Monday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.45% and 1.30%, trading near 7,580 and 29,640, respectively.
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.
Japanese Yen sticks to losses vs USD as bears shrug off intervention fears amid Iran risks
The USD/JPY pair sticks to its modest intraday gains through the early European session on Monday and currently trades above the 162.00 mark, up 0.30% for the day.
WTI Oil holds below $75.00 despite the deteriorating Middle East conflict
Speculative traders seem reluctant to jump on the Crude Oil rally despite the escalating tensions in the Middle East and the closure of the Strait of Hormuz.
Japanese Yen: Intervention risks rise again – ING
ING’s Chris Turner highlights that USD/JPY is grinding higher above 162 as higher energy prices pressure Asian currencies. He notes that Japanese authorities may follow a similar intervention pattern to last year, with potential action ahead of the Marine Day holiday.
Silver Price Forecast: XAG/USD falls to near $58.00 due to prevailing bearish bias
XAG/USD struggles for the second consecutive day, trading around $58.20 per troy ounce during the European hours on Monday. The technical analysis of the daily chart shows that the spot price is remaining within the descending channel pattern, suggesting a prevailing bearish bias.
British Pound: Rally fades into range trade against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that GBP/USD gapped lower after briefly breaking above 1.3445, with momentum turning down and risks of a test below 1.3360, though 1.3320 is seen as distant for now.
US Dollar: Modest grind higher with CPI in focus – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong expect the US Dollar (USD) to appreciate by around 2–3% by end-2026, supported versus low-yielding currencies such as the Euro (EUR) and Swiss Franc (CHF).
EUR/GBP Price Forecast: Steadies near 0.8500 with upside attempts limited
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Monday after dropping about 2% over the past three weeks. Euro bulls remain subdued amid the risk-averse mood, but sellers are struggling to find acceptance below 0.8500.
British Pound remains subdued as US-Iran tensions lift US Dollar
GBP/USD remains in negative territory after paring daily losses, trading around 1.3390 during the early European hours on Monday. The pair faces challenges as the US Dollar (USD) gains ground on rising safe-haven demand amid intensifying tensions in the Middle East.
USD/CAD Price Forecast: Higher Oil prices strengthen Canadian Dollar
The Canadian Dollar (CAD) trades firmly against its major currency peers, but is flat at around 1.4160 against the US Dollar (USD) during the European trading session on Monday.