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Brent: Houthi escalation keeps risk premium elevated – Commerzbank
Commerzbank strategists note that Brent Oil remains above USD 100 as markets weigh heightened geopolitical risk from Houthi attacks on Saudi infrastructure.
Euro: Downside risks toward 1.1145 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD closed near 1.1200 after a volatile session that failed to generate fresh directional clues. For the day, they expect a 1.1180–1.1230 range.
WTI falls to near $90.00 as Russia-Ukraine energy ceasefire fuels supply hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.15 during the early European trading hours on Monday.
Denmark Trade Balance fell from previous 40.5B to 31.2B in August
Denmark Trade Balance fell from previous 40.5B to 31.2B in August
Denmark Inflation (HICP) (YoY) rose from previous 2%Â to 2.1% in September
Denmark Inflation (HICP) (YoY) rose from previous 2%Â to 2.1% in September
Denmark Consumer Price Index (YoY) increased to 2.2% in September from previous 2%
Denmark Consumer Price Index (YoY) increased to 2.2% in September from previous 2%
USD/JPY Price Forecast: Likely find direction in this US CPI week
The Japanese Yen (JPY) trades almost flat at around 158.36 against the US Dollar (USD) at the start of the week. The USD/JPY pair has been in a tight range between 156.38 and 158.51 for almost two weeks.
Swiss Franc struggles as SNB dovish stance lifts USD/CHF
USD/CHF gains ground after two days of losses, trading around 0.8310 during Asian hours on Monday. The currency pair is finding upward support as the Swiss Franc (CHF) remains under pressure from short positions.
GBP/USD Price Forecast: Edges higher near 1.3250, but technical tone stays bearish below 100-day SMA
The GBP/USD pair trades in positive territory around 1.3240 during the early European trading hours on Monday. The US Dollar (USD) softens against the British Pound (GBP) as markets continue to assess the US Federal Reserve (Fed) rate hike path.
Australian Dollar fails ahead of 0.7000 as hawkish Fed and Iran risks limit USD losses
The AUD/USD pair struggles to capitalize on a modest Asian session uptick, trading below the 0.7000 psychological mark and below a nearly two-week high, touched earlier this Monday.
EUR/USD Price Forecast: Gets some relief from Russia-Ukraine energy ceasefire
The Euro (EUR) is marginally higher at around 1.1208 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair gets slight relief from the announcement of an energy ceasefire between Russia and Ukraine, which has put some pressure on oil prices.
Gold sticks to modest losses, seems vulnerable below $4,200 on Fed hike bets, bullish USD
Gold (XAU/USD) extends its intraday retracement slide from a one-week high, hitting a fresh daily low around $4,170 during the early European session on Monday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.