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Shanghai Copper stockpiles hit 7-month low as June imports surge - ING
Copper inventories on the Shanghai Futures Exchange fell 13% to 73,423 tonnes on Friday to the lowest level since December, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR/USD: Chance to rise above 1.1775 - UOB Group
There is a chance for Euro (EUR) to rise above 1.1775 against US Dollar (USD); the major resistance at 1.1795 is likely out of reach for now. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Supported on the daily charts - OCBC
USD/JPY continued to build on momentum to trade higher. Last at 148.36 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
ECB's Kazimir: No significant change that would force my hand to act in September.
European Central Bank (ECB) policymaker Peter Kazimir said on Monday that there is "no significant change that would force my hand to act in September."
DXY: Busy week for the USD - OCBC
US Dollar (USD) traded mixed as markets await catalysts this week - JOLTS job openings (Tuesday); ADP employment, 2Q GDP (Wednesday); FOMC, core PCE (Thursday); NFP (Friday) while anticipating more trade deals/details ahead of 1 Aug tariff deadline.
GBP: 0.88 for EUR/GBP might be a stretch - ING
EUR/GBP looks to be trading quite comfortably above April's spike high near 0.8735, ING's FX analyst Chris Turner notes.
EUR/USD: 2-way trades on the day - OCBC
Euro (EUR) consolidated near recent highs, following confirmation of a trade deal between US and Europe, with a tariff of 15% on most EU imports while EU plans to invest $600bn in the US and increase its purchases of US energy and military equipment.
EUR: Welcome news on trade - ING
Dax futures are currently trading up 1.2% as investors welcome some clarity on trade. Whether this remains the final deal remains to be seen, but taken at face value, European corporates can now progress with some planning.
USD/CAD Price Forecast: Rises to near 1.3750 after breaking above 50-day EMA
USD/CAD extends its winning streak for the third successive session, trading around 1.3730 during the European hours on Monday. The technical analysis of the daily chart indicates that the pair moves sideways within the rectangular pattern, suggesting a prevailing neutral bias.
Forex Today: Risk flows dominate markets ahead of key events
Here is what you need to know on Monday, July 28:
EUR/USD extends losses, US Dollar appreciates following the EU-US trade deal
It was buy the rumour, sell the fact for the EUR/USD pair, which opened the week in the same defensive mode that closed the previous one.
Pound Sterling weakens against US Dollar on US-EU tariff deal
The Pound Sterling (GBP) drops to near 1.3400 against the US Dollar (USD) at the start of the week. The GBP/USD pair falls as the US Dollar attracts bids after the announcement of a trade framework between the United States (US) and the European Union (EU).
EUR/GBP turns upside down after US-EU tariff deal confirmation
The EUR/GBP pair gives back its early gains and declines to near 0.8730 during the European trading session on Monday. The pair had a strong opening after the United States (US) and the European Union (EU) announced that they have reached a framework trade agreement.
NZD/USD slips below 0.6000 amid a broadly stronger USD; lacks follow-through
The NZD/USD pair attracts fresh selling following an Asian session uptick to the 0.6030-0.6035 region and drifts into negative territory for the third straight day on Monday.
EUR/GBP extends upside to near 0.8750 on EU-US trade deal
The EUR/GBP cross gathers strength to around 0.8740 during the early European trading hours on Monday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as the European Union (EU) agrees to the United States (US) trade deal ahead of the deadline.
FX option expiries for Jul 28 NY cut
FX option expiries for Jul 28 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF flat lines near 0.7950, US-China tariff talks in focus
The USD/CHF pair holds steady near 0.7950 during the early European trading hours on Monday. Progress on the US-EU trade deal might hit safe-haven demand and undermine the Swiss Franc (CHF).
US Dollar Index hovers near 97.50 as traders await US-China trade developments
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground for the third successive session and trading around 97.60 during the Asian hours on Monday.
Silver Price Forecast: XAG/USD struggles to hold $38 as US-EU trade pact improves market mood
Silver price (XAG/USD) trades cautiously near the key support level of $38.00 during Asian trading hours on Monday.
EUR/USD Price Forecast: Bullish bias remains while above 1.1700, 100-SMA on H4
The EUR/USD pair kicks off the new week on a positive note and climbs to the 1.1770 area during the Asian session in reaction to the optimism over a trade deal between the US and the European Union (EU).
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