Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japan Capacity Utilization down to 0.5% in July from previous 4.1%
Japan Capacity Utilization down to 0.5% in July from previous 4.1%
Japan Industrial Production (MoM) came in at -0.2% below forecasts (0.1%) in July
Japan Industrial Production (MoM) came in at -0.2% below forecasts (0.1%) in July
Japan Industrial Production (YoY): 3.9% (July) vs previous 4.1%
Japan Industrial Production (YoY): 3.9% (July) vs previous 4.1%
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Trades near 178.50 after rebounding from descending channel bottom
EUR/JPY gains ground after registering losses in the previous day, trading around 178.30 during Asian hours on Monday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling an ongoing bearish bias.
United States Dollar Index rises to near 99.50 as Fed rate hike bets increase
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the third consecutive day and trading around 99.30 during Asian hours on Monday.
AUD/USD Price Forecast: Shows resilience below 38.2% Fibo. near mid-0.7100s
The AUD/USD pair touches a one-and-a-half-week low, around the 0.7140 region during the Asian session on Monday, though it lacks follow-through. Spot prices currently trade just above mid-0.7100s, down nearly 0.25% for the day.
New Zealand Dollar weakens below 0.5800 on RBNZ dovish signals
The NZD/USD pair tumbles to around 0.5790 during the early Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on a dovish hike from the Reserve Bank of New Zealand (RBNZ).
Silver Price Forecast: XAG/USD bears have the upper hand below $64.75-$64.85 confluence
Silver (XAG/USD) kicks off the new week on a subdued note and oscillates in a narrow band above the $64.00 mark through the Asian session as traders seem hesitant to place directional bets ahead of key central bank event risks.
Canadian Dollar gains support from higher oil prices amid Saudi pipeline disruptions
USD/CAD halts its three-day winning streak, trading around 1.3870 during Asian hours on Monday. The pair inches lower as the commodity-linked Canadian Dollar (CAD) receives support from elevated oil prices.
Japanese Yen edges lower vs USD amid Middle East jitters as Fed, BoJ meetings loom
The USD/JPY pair attracts some buyers at the start of a new week and climbs closer to the 154.00 mark during the Asian session, reversing a part of Friday's losses.
Gold edges lower below $4,350 on imminent Fed rate hike
Gold price (XAU/USD) loses ground to near $4,340 during the early Asian trading hours on Monday. The precious metal remains under selling pressure as hotter-than-expected US inflation data raised prospects that the Federal Reserve (Fed) will hike interest rates later this week.Â
WTI rebounds toward nearly four-month highs after Saudi pipeline shutdown
West Texas Intermediate (WTI) oil price rebounds after falling nearly 4% in the previous trading day, hovering around $99.40 per barrel during Asian hours on Monday.