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EUR/USD Price Forecast: Rises to near 1.1450 after breaking above nine-day EMA
EUR/USD gains ground after posting losses in the previous day, trading around 1.1440 during the European hours on Monday. The currency pair holds just above the nine-day Exponential Moving Average (EMA) but remains capped by the 50-day EMA, keeping the near-term tone cautiously bearish.
Japanese Yen: Mixed outlook within defined band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded after a sharp drop to 161.26, with intraday gains expected to be capped between 161.60 and 162.45. Over the next 1–3 weeks, the outlook is described as mixed, with trading likely between 160.60 and 163.00.
United States Dollar Index Price Forecast: Bears await break below 23.6% Fibo. near 100.80
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some sellers following an intraday uptick to the 101.22 area on Monday and fills a modest weekly bullish gap.
Iran confirms Qatar, Oman, and Pakistan continue to mediate with US
A spokesperson from the Iranian Foreign Ministry has confirmed in the European trade on Monday that efforts from Qatar, Oman, and Pakistan to mediate tensions with the United States (US) continue.
Brent: Rebound tests key resistance – Societe Generale
Societe Generale’s Kenneth Broux notes that Brent has sharply rebounded after defending the late-February low around $69 and is now testing the 200-day moving average and a descending trendline.
USD/CHF Price Forecast: Bulls remain capped below 0.8100 despite the risk-off market
The US Dollar posts moderate gains against the Swiss Franc (CHF) on Monday, yet with price action contained within the last two weeks’ trading range, and with the 0.8100 level capping bulls for now.
Turkish Lira: Policy limits keep TRY under pressure – Commerzbank
Commerzbank’s Tatha Ghose contrasts upbeat remarks from CBT governor Fatih Karahan with more cautious comments from deputy governor Gazi Ishak Kara on Turkey’s inflation dynamics.
Dow Jones futures slip on rising risk aversion
Dow Jones futures lose 0.12% to trade around 52,840 during European trading hours on Monday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.45% and 1.30%, trading near 7,580 and 29,640, respectively.
Euro gains strongly against Japanese Yen as latter underperforms across board
The Euro (EUR) is higher by 0.36% to near 185.25 against the Japanese Yen (JPY) during the European trading session on Monday. The Japanese Yen underperforms across the board despite hopes that Japan’s inflation would remain above the Bank of Japan’s (BoJ) 2% target for a longer period.
Equities: Earnings and Fed signals in focus – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 closed at 7575, gaining 0.42%, after a strong week supported by stabilising chip stocks and a rebound in the Philly semiconductor index.
Japanese Yen sticks to losses vs USD as bears shrug off intervention fears amid Iran risks
The USD/JPY pair sticks to its modest intraday gains through the early European session on Monday and currently trades above the 162.00 mark, up 0.30% for the day.
WTI Oil holds below $75.00 despite the deteriorating Middle East conflict
Speculative traders seem reluctant to jump on the Crude Oil rally despite the escalating tensions in the Middle East and the closure of the Strait of Hormuz.
Japanese Yen: Intervention risks rise again – ING
ING’s Chris Turner highlights that USD/JPY is grinding higher above 162 as higher energy prices pressure Asian currencies. He notes that Japanese authorities may follow a similar intervention pattern to last year, with potential action ahead of the Marine Day holiday.