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Euro: Range trading with downside risks against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has slipped after testing 1.1460, with increasing downward momentum but major support at 1.1360 seen as difficult to reach near term. For the coming 1–3 weeks, they expect EUR/USD to remain in a 1.1360–1.1450 range.
Euro flirts with 1.1400 on risk-averse markets as Iran’s war escalates
The Euro (EUR) depreciates moderately against the US Dollar (USD) on Monday, as escalating tensions between the US and Iran and the closure of the Strait of Hormuz dampened appetite for risk and boosted inflationary pressures at the week's opening.The EUR/USD pair is trading at the 1.1400 area at th
Japan has no plan to change GPIF's target asset allocation — Reuters
Japan currently has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of government deliberations told Reuters.
Australian Dollar underperforms amid cautious market mood
The Australian Dollar (AUD) underperforms its major currency peers, trading 0.32% lower to near 0.6930 against the US Dollar (USD) during the early European trading session at the start of the week.
Asian stocks trade lower on renewed US-Iran war tensions, South Korea’s KOSPI leads losses
Most Asian equities trade in negative territory on Monday amid renewed geopolitical tension in the Middle East after reports of US-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz.Â
British Pound holds steady above mid-216.00s as Iran risks and rate gap weigh on JPY
British Pound holds steady above mid-216.00s as Iran risks and rate gap weigh on JPY
British Pound holds steady above mid-216.00s as Iran risks and rate gap weigh on JPY
The GBP/JPY cross rebounds a few pips following an Asian session dip to mid-216.00s on Monday, stalling its modest pullback from the highest level since January 2008, touched last week.
Indian Rupee weakens amid surging Oil prices, India's CPI rises strongly
The Indian Rupee (INR) trades significantly lower against the US Dollar (USD) on Monday. The USD/INR jumps to over a six-week high around 95.70 as renewed Middle East hostilities have strengthened oil prices.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.
USD/JPY Price Forecast: Hovers around nine-day EMA near 162.00
USD/JPY gains ground after two days of losses, trading around 162.00 during the Asian hours on Monday. The currency pair is keeping a bullish near-term bias as spot holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
AUD/JPY Price Forecast: Softens below 112.50, bearish tone prevails
The AUD/JPY cross trades in negative territory around 112.25 during the early European trading hours on Monday.
Indonesian Rupiah declines on increased risk aversion
USD/IDR gains ground after registering losses in the previous day, trading around 18,180 during the Asian hours on Monday. The US Dollar (USD) appreciated as intensifying geopolitical tensions in the Middle East sparked a wave of safe-haven demand.
WTI Price Forecast: Climbs above $74.00; bearish bias intact below 23.6% Fibo./200-EMA
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on its modest bullish gap opening and climbs above the $74.00 mark during the Asian session on Monday.