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EUR steady ahead of ECB and PMI's - Scotiabank
The Euro (EUR) is steady, up a marginal 0.1% as it shows signs of continued stabilization around 1.16, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CNH: Likely to trade in a range of 7.1730/7.1860 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1730/7.1860 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold recovers as EU-US trade tensions take focus
Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow metal.
CAD holds range on the day - Scotiabank
The Canadian Dollar (CAD) is little changed on the day and continues to range trade as markets await developments on the trade front, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: To trade in a range of 146.90/149.20 - UOB Group
US Dollar (USD) is likely to trade in a range between 147.80 and 148.85 against Japanese Yen (JPY). In the longer run, USD strength has paused for now; it is expected to trade in a range of 146.90/149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD steady, focus May drift towards FOMC - Scotiabank
The week is kicking off on a fairly quiet note and it may stay that way if markets look through this week's data and await the outcome of the FOMC decision (and everything that might follow from the expected hold) at the end of the month, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theo
Gold Price Forecast: XAU/USD jumps to near $3,370, following base-building near 20-EMA
Gold price (XAU/USD) advances to near $3.370 during the European trading session on Monday. The precious metal gains as the US Dollar (USD) corrects after failing to extend its recent upside move. Technically, lower US Dollar makes the Gold price an attractive bet for investors.
USD/CAD consolidates above 1.3700 on cautious markets with tariff fears looming
The US Dollar ticks up against the Canadian Dollar on Monday, with risk appetite subdued as Trump's tariffs deadline approaches.
USD/JPY falls back to near 147.70 as Yen trades firmly after Japan's parliamentary elections
The USD/JPY pair gives up initial recovery move and slides to near 147.70 during the European session on Monday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms across the board, following the outcome of Japan's parliament elections on Sunday.
NZD: Slight relief from inflation - Commerzbank
With an increase of 2.7%, inflation in New Zealand was slightly lower than expected by the market in the second quarter this morning, Commerzbank's FX analyst Volkmar Baur notes.
NZD/USD: Any decline is likely to be part of a lower range of 0.5925/0.5970 - UOB Group
New Zealand Dollar (NZD) could pull back against US Dollar (USD), but any decline is likely to be part of a lower range of 0.5925/0.5970.
JPY: Take a breath and buckle up - Commerzbank
In an initial reaction, the Japanese Yen (JPY) appreciated this morning, showing some relief after yesterday's elections. And certainly, the uncertainty about the political future could have been much greater this morning. As feared, the LDP lost its majority in yesterday's upper house elections.
Gold eyes breakout above $3375 - Société Générale
Gold is consolidating below key resistance at $3375, with technical indicators hinting at renewed bullish momentum. A breakout could open the path toward $3450 and April's highs near $3500, while $3280 remains crucial support, Société Générale's FX analysts note.
AUD/USD Price Forecast: Looking for direction above 0.6500
The AUD/USD is hesitating right above 0.6500, practically flat on the day. The risk on market and the softer US Dollar amid lower US Treasury yields keep the pair supported, but upside attempts seem limited.
Orders for LME lead jump most in over a month - ING
Lead prices surged after a sharp rise in LME warehouse withdrawal requests, while SHFE data shows growing inventories across major base metals, ING's commodity experts Ewa Manthey and Warren Patterson note.
Dow Jones futures trade higher despite persistent concerns over Trump's tariffs
Dow Jones futures trade higher during the European trading session on Monday, signalling a positive opening for United States (US) equities after the weekend.
USD: A quieter week for US data sees focus shift to housing, tech and Powell - ING
The week ahead should be a quieter one for US data.
Nord stream sanctions reinforce Gas market shift - ING
The sanction package includes a transaction ban on Nord Stream 1 & 2, ING's commodity experts Ewa Manthey and Warren Patterson note.
AUD/USD: Most likely to trade in a range of 0.6490/0.6535 - UOB Group
Momentum indicators are still mostly flat; Australian Dollar (AUD) could continue to consolidate against US Dollar (USD), most likely in a range of 0.6490/0.6535.
USD/JPY: Watch post-election responses - OCBC
USD/JPY saw fairly whippy trades this morning, likely in reaction to Upper House election results amid thin market liquidity as Japan markets are closed for holidays. USD/JPY last seen at 147.92, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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