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WTI extend opening gains amid fears of further energy supply risks
West Texas Intermediate (WTI), futures on NYMEX, extends its opening gains in the European trading session on Monday, trading almost 3% higher slightly above $99.50.
Swiss Franc nears yearly lows as Fed rate hike bets boost US Dollar
The Swiss Franc (CHF) keeps trading lower against the US Dollar (USD) on Monday, as investors brace for a quarter-point interest rate hike by the Federal Reserve (Fed) later in the week, and Oil prices consolidate above $100.00.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $63.22 per troy ounce, down 2.14% from the $64.60 it cost on Friday.
Brent: Supply risks keep prices elevated – Danske Bank
Danske Bank’s Danske Research Team highlights a sharp move higher in Brent as escalating Middle East tensions threaten key supply routes. The report notes Brent’s jump above USD 107/bbl and warns that closure of Saudi Arabia’s East-West pipeline could endanger up to 4% of global Oil supply.
Euro advances against Japanese Yen despite BoJ rate hike expectations
EUR/JPY edges higher on Monday and trades around 178.40 at the time of writing, up 0.12% on the day. The pair remains supported despite growing expectations of further monetary tightening by the Bank of Japan (BoJ), while the European Central Bank (ECB) policy outlook remains uncertain.
Japanese Yen weakens as rising risk aversion lifts US Dollar
USD/JPY rebounds after posting modest losses the previous day, trading around 154.60 during European hours on Monday. The pair appreciates as the US Dollar (USD) gains amid rising oil prices and growing Federal Reserve (Fed) rate hike bets.
Euro: Further downside favoured against US Dollar - ING
ING’s Francesco Pesole highlights that EUR/USD has broken below 1.1600, with the bank maintaining a downside bias consistent with its constructive Dollar view.
China New Loans registered at 60B, below expectations (400B) in August
China New Loans registered at 60B, below expectations (400B) in August
China M2 Money Supply (YoY) came in at 7.5% below forecasts (7.6%) in August
China M2 Money Supply (YoY) came in at 7.5% below forecasts (7.6%) in August
GBP/USD Price Forecast: Bears flirt with monthly low, near 1.3480-1.3470 confluence
The GBP/USD pair comes under heavy selling at the start of a new week and drops to the lower end of its monthly range, near the 1.3480 region during the first half of the European session.
New Zealand Dollar: Growth check and scope for dovish repricing – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that New Zealand Q2 Gross Domestic Product (GDP) is expected to slow sharply, with domestic demand weighed by higher fuel prices, uncertainty and falling house prices, though leading indicators suggest Q3 recovery.
Swiss Franc: Downtrend capped with 0.8185 against US Dollar – UOB
UOB strategist Quek Ser Leang notes USD/CHF extended gains to 0.8170 and closed at 0.8161, with conditions overbought but momentum still strong. Intraday, the pair could test 0.8185, though 0.8205 is seen as a tough barrier.
Euro drops against Canadian Dollar amid energy shocks, growing Fed rate hike pressures
EUR/CAD depreciates further after paring its recent gains from the previous day, trading around 1.6030 during European hours on Monday.