US President Donald Trump says not seeking extension of Iran MOU
US President Donald Trump said that he is not interested in renewing the expiring agreement with Iran, Bloomberg reported on Monday.
Forex
Gold gains momentum above $4,400 as softer US data dampens Fed hike odds
Gold price (XAU/USD) edges higher to near $4,415 during the early Asian session on Tuesday. The precious metal extends its upside amid fading expectations for further US Federal Reserve (Fed) rate hikes. Traders will cl…
Australian Dollar climbs as the Greenback falls on soft US data
The Aussie Dollar trades near two-month highs of 0.7129, supported by a weaker US Dollar, amid a scarce economic docket in the US, following last week’s softer Retail Sales data. The AUD/USD trades at 0.7106, up 0.32%.
GBP/JPY Price Forecast: Bulls reclaim 50-day SMA, eye 217.00
The GBP/JPY cross-pair is poised to finish Monday’s session with gains of over 0.14% as traders prepare for the beginning of Tuesday’s Asian session. The cross-pair has climbed above the 50-day Simple Moving Average (SM…
The Japanese Yen is losing to its own import bill
USD/JPY sat near 159.50 through Monday inside a 75-pip range for a net gain of 10 pips, on the day the Dollar Index broke beneath its 200-day Exponential Moving Average (EMA) to its weakest level since June. Every other…
EUR/USD Price Forecast: Struggles at 1.1600, dives below 100-day SMA
The shared currency clings to minimal gains versus the US Dollar on Monday, edging up by some 0.08% after reaching a month-and-a-half high at 1.1614, then reversing course and falling beneath 1.1600, poised to end the s…
British Pound Sterling did not earn its three-month high
GBP/USD cleared 1.3550 on Monday for the first time in three months, printed the highest level of the window just above it and handed the entire advance back within hours for a net gain under 10 pips. Sterling did none …
US Treasury yields surge as 30-year hits 2007 high
US Treasury yields advance on Monday during the North American session after reversing their course following the release of US Retail Sales data last week, which disappointed investors. Meanwhile, the lack of news from…
EUR/USD Gains as Fed Hike Odds Fall and ECB Tightening Bets Hold
ASX 200 rallies 1.37% to 8,844 as weak US payrolls ease Fed hike bets and gold rebounds above US$4,100, capping a choppy week bridging the FY26 close and FY27 open.
Euro returns below 1.1600 as US Dollar selling pressure eases
EUR/USD trims earlier gains on Monday as the US Dollar (USD) shows signs of stabilization after opening the week under selling pressure. At the time of writing, the pair trades around 1.1580 after touching an intraday h…
EUR/GBP trades in a tight range ahead of UK jobs data
EUR/GBP is holding a narrow band around the mid-0.8500s with little conviction in either direction. At the time of writing, the cross is close to flat on the day.
The US Dollar Index cannot rally with Washington on the offer
The Dollar Index trades near 99.50, roughly a tenth of a percent lower, having opened directly on its 200-day Exponential Moving Average (EMA) and failed there inside the first minutes, with a session low just above 99.…
WTI Oil climbs above $82 as Washington-Tehran standoff reignites supply concerns
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writing, up 0.68% on the day. Oil prices remain supported by the deadlock between the United States (US) and Iran, which ke…
British Pound edges higher as traders await UK jobs and CPI data
The Pound Sterling (GBP) registers modest gains of 0.14% on Monday against the US Dollar (USD) as investors digest softer-than-expected US inflation data and brace for the release of crucial UK jobs and inflation data. …
Japanese Yen struggles despite rising bond yields and BoJ hike bets
USD/JPY rebounds on Monday after coming under selling pressure earlier in the day, as the Japanese Yen (JPY) struggles to gain traction despite a weaker US Dollar (USD). At the time of writing, the pair trades around 15…
Indian Rupee: RBI move tightens liquidity – BNY
BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August. The change reduces anticipated Indian Rupee (INR) …
Japan: BoJ path questioned on weak demand – Societe Generale
Societe Generale economists Reo Sakida and Jin Kenzaki say Japan’s 2Q GDP data were weaker than expected, with consumption and capex both disappointing. A higher GDP deflator may support near-term BoJ hike expectations,…
EUR/JPY Price Forecast: Bulls eye 185.00 resistance area
The Euro (EUR) crawls higher for the third consecutive day on Monday, against a weak Yen (JPY), weighed down by downbeat Japanese Gross Domestic Product (GDP) figures. The EUR/JPY pair confirmed the breach of the 50% re…
Economists agree: Fed to leave interest rates unchanged this year – Reuters poll
A large majority of economists expect the Federal Reserve (Fed) to keep interest rates unchanged in September and for the rest of this year, according to a Reuters poll conducted between August 12 and 17.
Japanese Yen: Intervention risk near 160 highlighted – DBS
Philip Wee of DBS Group Research notes that markets still focus on Japan’s struggle to support the Japanese Yen, while underplaying broader USD implications. He stresses that Washington’s stance gives Tokyo political co…
Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar
Gold (XAU/USD) struggles to build on its intraday advance on Monday but holds modest gains as the US Dollar (USD) remains under selling pressure amid fading expectations that the Federal Reserve (Fed) will raise interes…
Canadian Dollar gains ground with inflation data set to test BoC outlook
USD/CAD trades around 1.3860 on Monday at the time of writing, down 0.11% on the day. The pair extends its decline as the US Dollar (USD) remains under pressure against the Canadian Dollar (CAD), with investors scaling …
China: Growth risks rise into H2 – Commerzbank
Commerzbank’s Dr. Henry Hao highlights that China’s July activity data undershot expectations across industrial output, retail sales and fixed-asset investment, reflecting weather disruptions and a deepening property sl…
FX Outlook: Porridge Cools for Goldilocks
A slightly cooler run of US data recently has cut the chances of a Fed hike in September. Lower short-dated US rates and a mildly weaker dollar are supportive for the risk environment and will keep summer volatility lev…