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Silver Price Forecast: XAG/USD rises above $58.00 on renewed US-Iran peace talks
Silver price (XAG/USD) rises after registering modest gains in the previous day, trading around $58.20 per troy ounce during the Asian hours on Monday.
WTI Price Forecast: More pain likely if fails to hold $77
West Texas Intermediate (WTI), futures on NYMEX, holds onto early losses, trading 7.6% lower at around $78.60 during the Asian trading session on Monday.
United States Dollar Index weakens below 100.00 as Trump says new Iran talks would begin Monday
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.70 in the Asian trading hours on Monday. The DXY declines amid improved risk sentiment.
Canadian Dollar drifts lower as falling oil prices counter weak USD amid Iran hopes
The USD/CAD pair kicks off the new week on a positive note, though it lacks bullish conviction and remains confined within Friday's broader range. Spot prices currently trade around the 1.4030 region, up less than 0.10% for the day amid mixed fundamental cues.
Australian Dollar remains stronger following China’s RatingDog Manufacturing PMI data
AUD/USD depreciates after opening at a bullish gap, remaining in the positive territory and trading around 0.7030 during the Asian hours on Monday.
New Zealand holds gains near 0.5900 despite weaker China PMI data
The NZD/USD pair holds positive ground near 0.5890 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains firm despite the downbeat Chinese economic data.
Australian Dollar languishes near April low as joint US-Japan intervention lifts Yen
The AUD/JPY cross turns lower for the fifth straight day after a modest uptick to the 111.20 region on Monday and drops to its lowest level since early April during the Asian session.
British Pound struggles despite easing risk aversion
GBP/USD holds losses after three days of gains, trading around 1.3470 during the Asian hours on Monday.
China’s RatingDog Manufacturing PMI declines to 50.9 in July
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) eased to 50.9 in July from 51.7 in June the latest data published by RatingDog showed on Monday. The market forecast was for a 51.5 reading.
China RatingDog Manufacturing PMI came in at 50.9, below expectations (51.5) in July
China RatingDog Manufacturing PMI came in at 50.9, below expectations (51.5) in July
Australia ANZ Job Advertisements: 2% (July) vs -0.2%
Australia ANZ Job Advertisements: 2% (July) vs -0.2%
Australia TD-MI Inflation Gauge (YoY) climbed from previous 3.9% to 4% in July
Australia TD-MI Inflation Gauge (YoY) climbed from previous 3.9% to 4% in July
US President Donald Trump says Iran talks to begin Monday after canceling attack
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.