EUR/JPY remains below 184.00 as traders price in BoJ rate hike odds
EUR/JPY moves little after registering modest losses in the previous trading day, hovering around 183.80 during the Asian hours on Monday.
US Dollar Index strengthens above 100.00 on upbeat US NFP, geopolitical risks
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.25 during the Asian trading hours on Monday.
AUD/JPY Price Forecast: Gains ground above 110.00 as mild bullish bias persists
The AUD/JPY cross attracts some buyers to near 110.20 during the Asian trading hours on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on expectations of further interest rate hikes from the Reserve Bank of Australia (RBA).
WTI Price Forecast: Retreats from four-week high, slips below $104.00 despite supply risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on modest Asian session gains to the $106.45 region, or a nearly four-week high, and retreats to the lower end of its daily range in the last hour.
Silver Price Forecast: XAG/USD falls toward $72.00 on hawkish Fed outlook
Silver price (XAG/USD) holds losses for the third successive day, trading around $72.20 per troy ounce during the Asian hours on Monday.
Canadian Dollar remains depressed against a firmer USD; bullish Oil prices limit losses
The USD/CAD pair attracts some buyers for the third consecutive day on Monday and trades just below mid-1.3900s during the Asian session, well within striking distance of a nearly four-month high set last week amid a firmer US Dollar (USD).
NZD/USD remains on the defensive below 0.5700 on Middle East tensions
The NZD/USD pair remains on the defensive near 0.5695 during the Asian trading hours on Monday. The US Dollar (USD) strengthens against the Kiwi as traders weigh developments in the Middle East. The Reserve Bank of New Zealand (RBNZ) policy meeting will be in the spotlight later on Wednesday.
Pound Sterling remains in negative territory as Middle East concerns rise
GBP/USD remains subdued for the third consecutive trading day, hovering in the negative territory around 1.3190 during the Asian hours on Monday. The pair struggles as the safe-haven demand for the US Dollar (USD) increases amid heightened uncertainty in the Middle East.
EUR/USD edges lower to near 1.1500 as robust US jobs data, Middle East tensions support US Dollar
The EUR/USD pair trades with mild gains around 1.1515 during the early Asian session on Monday. The stronger-than-expected US jobs data and heightened uncertainty in the Middle East boost demand for the US Dollar (USD) as a safe-haven.
Australian Dollar softens on strong US jobs data, Middle East tensions
The AUD/USD pair extends the decline to near 0.6885 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) amid stronger-than-expected US employment data and ongoing geopolitical tensions in the Middle East.
Japanese Yen holds steady amid US-Iran tensions
The USD/JPY pair trades on a flat note near 159.65 during the early Asian session on Monday. The pair steadies as traders continue to assess the developments surrounding the US-Iran conflict.
OPEC+ agrees to boost oil output in May amid global energy crisis
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to raise their oil output quotas by 206,000 barrels per day (bpd) for May, Reuters reported.