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USD/JPY eases to 159.40 amid hopes of a peace deal in Iran
The US Dollar (USD) nudges lower against the Japanese Yen (JPY) on Monday, with trading volumes at low levels as most markets remain closed on Easter Monday. The pair hit session lows at 159.35 on the early European session, as hopes of a peace deal in Iran are putting the US Dollar under pressure.
USD/INR gains as rallying oil prices weigh on Indian Rupee
The Indian Rupee (INR) falls after a flat opening against the US Dollar (USD) at the start of the Reserve Bank of India’s (RBI) monetary policy week.
Gold climbs back closer to $4,700 amid weaker USD; upside potential seems limited
Gold (XAU/USD) builds on its steady intraday ascent and climbs to the $4,700 neighborhood, or a fresh daily high during the first half of the European session on Monday.
EUR/USD Price Forecast: Symmetrical Triangle formation near bottom triggers reversal hopes
The EUR/USD pair trades 0.4% higher to near 1.1560 during the European trading session on Monday.
EUR/JPY Price Forecast: Eyes triangle top near 185.00 as bullish bias holds
EUR/JPY recovers its recent losses from the previous trading day, hovering around 184.40 during the European hours on Monday. The technical analysis of the daily chart suggests the currency cross is moving sideways within an ascending triangle pattern, indicating consolidation.
Oil: Supply shock drives global divergence – BNY
BNY’s Bob Savage highlights a severe Oil supply shock, with front‑month Brent spiking above $140 and forward prices far lower, tightening global financial conditions.
Iran acknowledges receiving US ceasefire proposal through Pakistan - Reuters
Iran has confirmed that it has received the proposal of a ceasefire by the United States (US) through Pakistan and has stated that it is being reviewed, according to a Senior Iranian official, Reuters reports.
Dow Jones futures recover recent losses as reports suggest US-Iran ceasefire talks
Dow Jones futures have recovered daily losses and are trading around 46,660, up by 0.06%, during European hours on Monday, ahead of the regular United States (US) open.
ECB: Recovery outlook and rate path – Societe Generale
Societe Generale economists see the Euro area entering the latest energy shock with improved resilience and reduced Oil and gas intensity.
US-Iran receive plan to end hostilities, discuss two-tier deal - Reuters
According to a Reuters report, a source aware of ceasefire proposals between the United States (US) and Iran has stated that both nations are discussing a two-tier deal that involves plans to end hostilities by Monday, followed by the reopening of the Strait of Hormuz and Iran dropping its nuclear a
Forex Today: Middle East uncertainty keeps investors on edge
Here is what you need to know on Monday, April 6:
Australian Dollar holds firm on US-Iran ceasefire optimism
The AUD/USD pair gathers strength around 0.6910 during the early European trading hours on Monday. Hopes for a US-Iran ceasefire provide some support to the riskier asset, such as the Australian Dollar (AUD) against the Greenback.
EUR/CAD holds gains above 1.6050 as oil prices eases
EUR/CAD moves little for the second consecutive trading day, trading around 1.6070 during the early European hours on Monday.
Spain Unemployment Change below expectations (10.3K) in March: Actual (-22.9K)
Spain Unemployment Change below expectations (10.3K) in March: Actual (-22.9K)
USD/JPY: Overextension near 160 raises BoJ risk – DBS
Philip Wee at DBS Group Research argues that USD/JPY looks overextended as it tests Japan’s 160 pain threshold. The pair is supported by the US-Japan rate differential, but markets now price a roughly two-thirds chance of a Bank of Japan (BoJ) rate hike on April 28.
Eurozone: Inflation and fiscal shifts shape rates – BNY
BNY’s Bob Savage flags unpleasant preliminary March inflation in Europe, driven by energy and refined products, with diesel prices above 2022 levels. Governments are capping fuel costs via tax and margin measures, raising fiscal credibility questions.
GBP/JPY Price Forecast: Ascending Triangle formation reflects broader consolidation
The GBP/JPY pair trades almost flat at around 210.85 during the early European trading session on Monday.
WTI eases below $103.50 as US, Iran reportedly seeking 45-day ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire.
Brent: War-driven supply shock supports prices – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that Brent crude Oil remains supported as Middle East conflict disrupts regional energy infrastructure and constrains OPEC+ supply.
EUR/GBP eases to levels near 0.8700 amid mild risk-off markets
The Euro (EUR) is trading lower against the British Pound (GBP) on a calm week opening, with most markets closed on Easter Monday, and markets wary of risk, amid greater concerns about an escalation of the war in Iran.
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