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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.
JPY: Don't read too much into yen strength - ING
The Japanese Yen (JPY) is a little stronger today as the market digests yesterday's Upper House election results. Here, the ruling coalition between the Liberal Democratic Party (LDP) and Komeito lost its majority, although it remains by far the largest political bloc in parliament.
GBP/USD: View is still negative - UOB Group
Pound Sterling (GBP) could edge lower, but it does not appear to have enough momentum to break below 1.3375. GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
DXY: Consolidation on the daily chart - OCBC
US Dollar (USD) traded mixed as markets took stock of the rebound off its lows. The Dollar Index (DXY) was last at 98.50 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Expected to trade sideways between 1.1590 and 1.1665 - UOB Group
Euro (EUR) is expected to trade sideways between 1.1590 and 1.1665 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being, it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar Index (DXY) dips further and nears 98.00 on risk appetite, lower US yields
The US Dollar extends Friday's reversal on Monday's European morning session.
Further EU sanctions on Russia - ING
The EU announced its 18th sanction package against Russia at the end of last week, which involves tougher sanctions against the Russian energy sector. This includes lowering the Oil price cap for Russian crude from US$60/bbl to US$47.60/bbl. It will come into force on 3 September.
EUR: ECB and PMIs in focus this week - ING
EUR/USD seems quite comfortable near the 1.1600 level. In theory, it has had enough consolidation should it want to move higher again, though there does not seem to be a catalyst for that this week, ING's FX analyst Chris Turner notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
GBP/JPY hovers around 199.00 after LDP-coalition losing parliamentary majority
GBP/JPY appreciates after opening with a gap down, trading around 198.90 during the European hours on Monday.
Silver Price Forecast: XAG/USD resumes its uptrend and tests $38.45 resistance
Silver (XAG/USD) is trading higher, following a slight decline on Friday.
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