Market News
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Japanese Yen seems vulnerable vs bullish amid fiscal woes, Mideast jitters
The USD/JPY pair attracts buyers for the second straight day, though it lacks strong follow-through and trades below mid-158.00s during the first half of the European session on Monday.
S&P 500: Earnings strength offsets yield headwinds – HSBC
HSBC Asset Management notes that global equities, including the S&P 500, have shown resilience as the index inches toward the 8000 level despite high Oil prices, a hawkish Federal Reserve and surging bond yields.
Euro falls against Canadian Dollar amid French debt crisis
EUR/CAD inches lower after posting modest gains in the previous day, trading around 1.5960 during European hours on Monday.
Ukrainian President Zelenskyy: We are ready to sign ceasefire guarantees
Ukrainian President Volodymyr Zelenskyy said during the European trading session on Monday that the nation wants the United States (US) to ensure that Russia honor the energy ceasefire announced over the weekend.
Dow Jones futures gain despite market caution due to Riyadh airport strikes
Dow Jones futures advance by 0.21% to trade near 52,030 during European hours on Monday. S&P 500 futures gain 0.25% to around 7,880, while Nasdaq 100 futures rise 0.15% to near 31,150.
AUD/USD Price Forecast: Gives back early gains as US Dollar rebounds
The Australian Dollar (AUD) surrenders its early gains and flattens at around 0.6970 against the US Dollar (USD) during the European trading session on Monday.
Japanese Yen: Higher intraday band within broader range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann say USD/JPY’s tone has firmed slightly after trading between 157.74 and 158.42, and they now expect a 157.90–158.55 intraday range.
Silver Price Forecast: XAG/USD remains below $61.00 following attacks on Riyadh’s airport
Silver price (XAG/USD) loses ground after registering over 2.5% gains in the previous trading day, remaining around $60.70 per troy ounce during European hours on Monday.
Euro consolidates around 1.1200, remains close to 17-month low vs bullish USD
The EUR/USD pair struggles to gain any meaningful traction on Monday, trading around the 1.1200 mark, or nearly unchanged for the day during the early European session.
Oil: Supply risks offset by Russia diesel deal – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices are weaker despite heightened Middle East tensions, as strong Persian Gulf flows and a US-Russia diesel deal weigh on the market. They highlight that additional Russian diesel exports and a possible Russia-Ukraine energy ceasefire are pressuring middle distillate cracks, while inefficient Middle East trade flows and high freight rates keep refined product prices elevated.
Indonesian Rupiah declines amid policy trade-offs
USD/IDR gains ground after registering losses in the previous day, trading around 17,940 during European hours on Monday.
US Dollar Index Price Forecast: Turns sideways after hitting fresh yearly highs near 102.50
The US Dollar (USD) trades subduedly at the start of the United States (US) Consumer Price Index (CPI) week. In the European trade, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades almost flat at around 102.22.
Euro: Bearish sentiment persists into year-end against US Dollar – MUFG
MUFG’s Lee Hardman highlights that the Euro (EUR) remains near recent lows around 1.1200 against the Dollar, pressured by fiscal and political concerns in the Euro area, especially France. IMM data show leveraged funds rebuilding short Euro positions.