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AUD/USD: Likely to trade between 0.6490 and 0.6530 – UOB Group
Australian Dollar (AUD) appears to have entered a range-trading phase between 0.6490 and 0.6530. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
CAD firms modestly with commodity peers but holds range – Scotiabank
The Canadian Dollar (CAD), with the Australian Dollar (AUD) and New Zealand Dollar (NZD), are mild outperformers on the session so far today, bringing some minor relief for the CAD on the crosses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBP/USD: Likely to consolidate between 1.3520 and 1.3585 – UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3520 and 1.3585. In the longer run, outlook for GBP remains positive, and it may rise to 1.3620; the chances of it reaching 1.3660 this time around are more limited, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USD idles in low-vol range trade – Scotiabank
The markets are off to a slow start, with low vol summertime trading still overshadowing broader developments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR/USD: Any advance may be limited to a test of 1.1730 – UOB Group
Euro (EUR) could continue to rebound, but any advance may be limited to a test of 1.1730. Outlook is mixed; for the time being, EUR is likely to trade in a range of 1.1630/1.1755, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Gold Price Forecast: XAU/USD rises to near $3,360 ahead of Trump-Zelenskyy meet at White House
Gold price (XAU/USD) moves higher to near $3,360 during the European trading session on Monday.
Silver Price Forecast: XAG/USD appreciates beyond $38.00 but lacks bullish momentum
Silver (XAG/USD) has trimmed some losses in a cautious market session, returning above $the $38.00 level on Monday. A moderate risk aversion as traders await the outcome of the Trump-Zelenskyy meeting is buoying precious metals.
USD/JPY treads water below 148.50 amid a moderate risk aversion
The US Dollar bounced up against the Japanese Yen on Friday, but upside attempts have been capped below 148.50 on Monday, with trading volumes at low levels, as investors await the outcome of a meeting between Trump and Zelenskyy in Washington.Markets are showing a cautious tone, concerned about a l
European Gas prices hit lowest since July 2024 – ING
European natural gas prices fell to fresh lows last week, with the TTF benchmark sliding more than 3% ahead of the Trump-Putin summit.
AUD/USD trades steadily around 0.6500 as Trump-Zelenskyy meet takes centre stage
The AUD/USD pair trades broadly stable around 0.6500 during the European trading session on Monday. The Aussie pair consolidates as investors await the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr at the White House during the day.
US: Who is ultimately to pay the US tariffs? – Commerzbank
The much-anticipated summit between the US President and his Russian counterpart did not have a significant impact on the US dollar, despite the generally negative reporting in its aftermath (see the article below).
Oil: Sanctions risk eases following Trump-Putin summit – ING
It’s unsurprising to see Oil trading lower this morning following the Trump-Putin summit in Alaska. While talks failed to secure a ceasefire, the tone and the absence of “severe consequences” for the lack of a truce, reduce, or at least delay, the risks of stricter sanctions.
RUB: Negative on balance – Commerzbank
The summit in Alaska between US President Trump and Russian President Putin generated some diplomatic optics but no resolution or ceasefire. Talks reportedly centred around land swaps, security guarantees and the outline of a trilateral format with Ukraine.
USD: Benign conditions should keep the dollar offered – ING
The Western press was quick to conclude that Friday's summit between US President Donald Trump and Russian President Vladimir Putin was a failure in that Trump had been dragged down an off-ramp away from a ceasefire and renewed Russian sanctions.
USD/JPY: Bias is to sell rallies – OCBC
USD/JPY continued to trade in recent range after the 2-way moves seen last week owing to US data and comments from Treasury Secretary Scott Bessent. Pair was last at 147.39.
EUR/CHF holds above 50-DMA – Société Générale
EUR/CHF has stabilized above the 50-day moving average, reducing downside momentum. The pair now tests the 0.9500 resistance zone, where a breakout could pave the way for a broader rebound, while support remains at 0.9390/0.9360, Société Générale's FX analysts note.
EUR/GBP Price Forecast: Approaching key support at 0.8600
The Euro recovery attempt against the British Pound has been short-lived.
Silver Price Forecast: XAG/USD rebounds from 200-SMA on H4, $38.25 barrier holds the key
Silver (XAG/USD) attracts some dip-buyers near the $37.80 region during the Asian session on Monday. The white metal climbs back above the $38.00 mark, hitting a fresh daily peak in the last hour.
Gold Price Forecast: XAU/USD holds below $3,350 ahead of US-Ukraine talks
The Gold price (XAU/USD) attracts some sellers to around $3,330 during the early Asian session on Monday. The precious metal edges lower after unexpectedly strong US Producer Price Index (PPI) data.
AUD/USD gathers strength above 0.6500 as Fed rate cut bets remain intact
The AUD/USD pair gains ground around 0.6510 during the early Asian session on Monday. The US Dollar (USD) remains weak against the Australian Dollar (AUD) as US economic data keep the case for a September Federal Reserve (Fed) interest rate cut intact.
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