EUR/JPY trades around 186.65 on Monday, down 0.08% at the time of writing, as risk aversion increases following the failure of talks between the United States (US) and Iran.
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $74.47 per troy ounce, down 1.75% from the $75.79 it cost on Friday.
United Overseas Bank (UOB) economists Quek Ser Leang and Lee Sue Ann notes that USD/JPY has surged on the open after a quiet Friday, with short-term momentum now strong enough to challenge the 160.00 handle, though 160.50 is seen as tough resistance.
ING’s Chris Turner writes that EUR/USD was pressured in Asia by higher Oil after failed peace talks, but notes the pair is holding above 1.1600.
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.25% higher to near 99.00 during the European trading session on Monday.
Societe Generale economists Anatoli Annenkov, Michel Martinez, Fabien Bossy and Sam Cartwright argue that upside risks to Euro area core inflation justify bringing forward European Central Bank rate hikes.
Oil prices jumped on Monday following the failure of the peace talks between the US and Iran and the US pledge to block the Strait of Hormuz.
Gold (XAU/USD) touches a fresh daily high during the first half of the European session and looks to build on its intraday bounce from the $4,633-$4,632 area, or a four-day low, touched earlier this Monday.
Danske Research Team reports that Hungary’s election delivered a decisive victory for Péter Magyar’s pro‑EU Tisza party over Viktor Orban’s Fidesz, easing concerns about future EU budget and Ukraine aid negotiations.
According to a report from the Iranian state media Islamic Republic of Iran Broadcasting (IRIB), a spokesperson from Iran’s Khatam al-Anbiya Central Headquarters said during European trading hours on Monday that Tehran condemns the United States (US) intentions to blockade vessels entering and exiti
Deutsche Bank’s strategists highlight that S&P 500 futures are lower as the Iran conflict escalates and energy prices jump, pressuring global risk sentiment.
Rabobank’s Global Daily notes the Euro is weaker in early Asian trading despite a decisive victory for Peter Magyar’s pro‑EU Tisza party over Viktor Orban’s Fidesz in Hungary.
