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Silver Price Forecast: XAG/USD falls to near $62.00 amid Fed rate hike odds
Silver price (XAG/USD) falls nearly 3.5% after posting modest gains in the previous day, trading around $62.00 per troy ounce during Asian hours on Monday.
United States Dollar Index trades flat at the start of the US NFP week
The US Dollar (USD) reflects a flat performance at the start of the week. In the Asian trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades calmly at around 101.10.
Gold slumps below $4,150, fresh low since August 5 amid oil-fueled Fed hike bets
Gold (XAU/USD) maintains its heavily offered tone through the first half of the European session on Monday, trading just below $4,150, or the lowest since August 5, amid a bearish fundamental backdrop.
New Zealand Dollar strengthens above 0.5650 on US-China truce extension
The NZD/USD pair gathers strength to around 0.5665 during the Asian trading hours on Monday. Positive developments surrounding US-China talks provide some support to the China-proxy New Zealand Dollar (NZD) against the US Dollar (USD).
AUD/USD Price Forecast: Bears await break below 0.7000 ahead of RBA on Tuesday
The AUD/USD pair steadies just above the 0.7000 psychological mark at the start of a new week, trading near its lowest level since August 4, touched on Friday, as traders opt to wait for the crucial Reserve Bank of Australia (RBA) meeting on Tuesday.
Canadian Dollar falls as US-Canada rate gap seen widening further
USD/CAD extends its gains for the sixth consecutive day, trading around 1.4150 during Asian hours on Monday. The pair appreciates as the Canadian Dollar (CAD) is declining under pressure from expectations of a widening interest-rate differential between the United States (US) and Canada.
WTI sticks to modest gains above $92.00 amid Middle East jitters
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets.
Gold tumbles to near $4,200 as hawkish Fed signals and stronger US Dollar pressure bullion
Gold price (XAU/USD) drops to around $4,215 during the early Asian trading hours on Monday. The precious metal loses ground as a stronger US Dollar (USD) and hawkish signals from the US Federal Reserve (Fed) policymakers dented bullion's appeal.
China’s Commerce Ministry says trade ceasefire with US to be extended to January 2027
China’s Commerce Ministry said on Monday that the United States (US) and Chinese officials confirmed that the bilateral trade truce has been extended by two months, moving the expiration date from November 10 January 10, 2027.Â
British Pound gains as US Dollar weakens despite hawkish Fed, geopolitical tensions
GBP/USD gains ground for the second successive day, trading around 1.3230 during the Asian hours on Monday. The currency pair advances as the US Dollar (USD) weakens, despite hawkish signals from Federal Reserve (Fed) officials.
PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7399 compared to last Thursday's fix of 6.7489 and 6.7085 Reuters estimate.
Japanese Yen drifts lower vs bullish USD after BoJ Minutes as intervention risks loom
The USD/JPY pair attracts some dip-buyers at the start of a new week and climbs to the 157.75 area during the Asian session, reversing a part of Friday's retracement slide from the vicinity of a multi-week top.
Euro declines below 1.1400 on hawkish Fed stance, ongoing Middle East tensions
The EUR/USD pair edges lower to around 1.1380 during the early Asian session on Monday, pressured by hawkish signals from the Federal Reserve (Fed) and escalating Middle East tensions.