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Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $61.14 per troy ounce, down 4.91% from the $64.30 it cost on Friday.
US Dollar: Breakout risks versus fading outlook – Societe Generale
Societe Generale’s Kit Juckes argues that while the longer-term outlook for the Dollar is deteriorating due to US politics and changing global savings patterns, the short-term picture remains constructive.
AUD/USD: Key support test as RBA looms – Societe Generale
Societe Generale’s Kenneth Broux highlights AUD/USD trading near its 200-day moving average around 0.7024, a historically important support. The pair sits at the lower boundary of a descending channel with support at 0.6975 and resistance at 0.7090.
Gold Price Forecast: XAU/USD remains vulnerable as sellers target $4,000
Gold (XAU/USD) remains under heavy selling pressure at the start of the week, weighed down by rising expectations of further monetary tightening from the Federal Reserve (Fed).
USD/JPY Price Forecast: Slips below nine-day EMA, 157.00
USD/JPY extends its losses for the second consecutive day, trading around 156.90 during the European hours on Monday. The currency pair is moving forward within a symmetrical triangle, which indicates a period of market consolidation, where neither buyers nor sellers are in control.
Japanese Yen: BOJ back-to-back hike risk – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team flags potential historic tightening by the Bank of Japan (BOJ). Former BOJ director Momma sees another 25 basis point hike as a real possibility, which would be the first back-to-back move in decades.
Japan’s Mimura reiterates fears US-Japan joint intervention
Japan's top currency diplomat Atsushi Mimura said on ​that markets should take at face value the "very ‌clear" message Tokyo and Washington delivered last week on the Yen, signalling his resolve to act against excessive falls ​in the currency, Reuters report.
Euro underperforms against Japanese Yen amid Japan’s intervention fears
The Japanese Yen (JPY) trades higher against its major currency peers in the European trade on Monday, with the EUR/JPY pair declining 0.4% to near 178.40. The Asia-Pacific currency continues to draw support from verbal warnings of Japan’s intervention to support the currency.
British Pound hits two-week low vs firmer Yen amid BoJ rate hike bets, intervention risks
The GBP/JPY cross attracts fresh sellers following an intraday uptick to the 209.00 neighborhood and drops to a two-week low during the first half of the European session on Monday.
Gold: Downtrend persists below 200dma – Societe Generale
Societe Generale analysts note Gold has failed to sustain gains above its 200-day moving average, reinforcing downward momentum. A short-term pullback is underway, with key resistance at the recent pivot high near $4,315.
United States Dollar Index remains stronger as hawkish Fed signals drive rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, inched lower after opening at a bullish gap, remaining in the positive territory and trading around 101.10 during European hours on Monday.
Australian Dollar: RBA faces rates squeeze – Rabobank
RaboResearch Global Economics & Markets notes the Reserve Bank of Australia (RBA) must decide on policy with strong construction growth and historical parallels to past Oil shocks and inflation spikes.
US 10-year yields: New range highs with limited relief – Societe Generale
Societe Generale’s Kenneth Broux describes a difficult week for global bonds as rising Oil prices deter duration buying. US Treasuries and Bunds have repeatedly broken into higher yield ranges, with next US 10-year projections at 5.24% and 5.36% and Bund at 3.70%/3.74%.