The AUD/JPY pair climbs to near 94.00 during European trading hours on Monday. The cross moves sharply higher as demand for safe-haven assets, such as the Japanese Yen (JPY) has diminished, while tensions between Israel and Iran have escalated.
NZD/USD is retracing its recent losses, trading around 0.6030 during the European hours on Monday. The technical analysis of the daily chart suggests that the bullish bias is prevailing as the pair remains within an ascending channel pattern.
Crude prices have pulled back from five-month highs right above the $75.00 level on Monday, but they remain 12% above the levels seen one month ago, boosted by investors’ concern about supply disruptions stemming from the Iran-Israel war.The price of the West Texas Intermediate barrel jumped about 3
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel is delivering a speech titled "Goal achieved - no reason to give up" in Frankfurt, Germany, on Monday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 98.15 during the early European session on Monday.
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $71.80 per barrel, up from Friday’s close at $71.61.
The EUR/JPY cross extends its upside to around 166.50 during the early European trading hours on Monday. A generally positive tone around the equity markets weighs on the safe-haven currency like the Japanese Yen (JPY).
The GBP/USD pair has recovered its daily losses, trading around 1.3570 during the Asian hours on Monday. The bullish bias may weaken as the daily chart’s technical analysis indicates that the pair is hovering around the ascending channel pattern.
The USD/TWD pair continues with its struggle to attract any meaningful buyers and trades with a mild negative bias below the 29.50 area during the Asian session on Monday. Spot prices remain close to over a one-month low touched last Friday and seem unaffected by a modest US Dollar (USD) uptick.
The GBP/JPY pair struggles to extend its upside above 196.00 from the last three trading sessions. During Asian trading hours on Monday, the cross has faced pressure near 196.00 again and has ticked down to near 195.50.
The renewed US-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, per Reuters.
European Central Bank Vice President Luis de Guindos said on Monday that the exchange rate of EUR/USD at 1.15 is no big obstacle on the inflation target.
The EUR/USD pair trades with a mild negative bias below mid-1.1500s through the Asian session on Monday amid a modest US Dollar (USD) uptick, though it lacks bearish conviction.
The Indian Rupee (INR) surrenders early losses after posting a fresh two-month low near 86.20 against the US Dollar (USD) and ticks up to near 86.00 during European trading hours on Monday.
Israel has submitted a revised proposal in hostage negotiations with Hamas. It may be the real thing this time (stay tuned). Any confirmed progress or ceasefire implementation would likely impact risk-sensitive assets.
The USD/CHF pair gathers strength to around 0.8125 during the early European session on Monday, bolstered by the rebound in the US Dollar (USD). Investors await the Swiss May Producer and Import Prices and SECO Economic Forecasts, which will be published later on Monday.
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