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US-Iran indirect talks to resume in US as mediators revisit seven-day proposal - Reuters
The United States (US) and Iran are expected to resume indirect talks as early as Monday or Tuesday, according to an official briefed on the negotiations cited by Reuters.
AUD/NZD Price Forecast: Aussie rally shows signs of exhaustion ahead of RBA decision
The Aussie Dollar (AUD) trades practically flat around 1.2390 against the New Zealand Dollar (NZD) on Monday, with all eyes on the Reserve Bank of Australia (RBA), which is expected to hike interest rates on Tuesday.
Mexico Trade Balance, $ above expectations ($0B) in August: Actual ($0.605B)
Mexico Trade Balance, $ above expectations ($0B) in August: Actual ($0.605B)
Mexico Trade Balance s/a, $ above forecasts ($0B) in August: Actual ($3.489B)
Mexico Trade Balance s/a, $ above forecasts ($0B) in August: Actual ($3.489B)
UK Chancellor Healey: We will maintain control of Britain's finances
United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trade on Monday that the administration will maintain control of Britain's finances while speaking about the upcoming fiscal budget this year.
British Pound gains as several BoE members warn of upside inflation risks
The British Pound (GBP) trades higher against its major currency peers, except the Japanese Yen (JPY) on Monday. In the European trade, the British currency is up 0.13% to near 1.3256 against the US Dollar (USD).
Oil: Higher prices drive yields and Dollar – MUFG
Lee Hardman at MUFG highlights that Oil has been one of the biggest movers, with prices rising back towards recent highs around USD110/barrel.
EUR/GBP Price Forecast: Euro tests support at 0.8570 as Oil prices rally
The Euro (EUR) is dropping sharply against the British Pound (GBP) on Monday, with EUR/GBP bears testing support at the 0.8570 area, reversing last week's gains in a day following rejection at the 0.8610 resistance area.
US Treasuries: Yields hit multi-year highs – Deutsche Bank
The Deutsche Bank Early Morning Reid details a sharp rise in US Treasury yields, with the 10-year reaching its highest level since 2007 and the 30-year touching levels last seen in 2004. The move is driven by strong data and increased odds of a Federal Reserve hike in October.
Gold tumbles over 3.5% as Fed rate-hike bets, surging US Treasury yields weigh
Gold (XAU/USD) remains under strong selling pressure on Monday, down over 3.5% as elevated Oil prices reinforce expectations of further Federal Reserve (Fed) interest rate hikes. At the time of writing, XAU/USD trades around $4,121, its lowest level since August 5.
Silver price plunges as elevated US yields, firm Dollar pressure XAG/USD
Silver (XAG/USD) falls sharply on Monday, losing 4.53% on the day to trade around $61.40 at the time of writing. The precious metal faces heavy selling pressure as elevated United States (US) Treasury yields and growing expectations of further interest rate hikes weigh on non-yielding assets.
India Industrial Output above expectations (6%) in August: Actual (8%)
India Industrial Output above expectations (6%) in August: Actual (8%)
India Cumulative Industrial Output above expectations (0%) in August: Actual (6.7%)
India Cumulative Industrial Output above expectations (0%) in August: Actual (6.7%)