South Africa Private Sector Credit rose from previous 8.83% to 10.5% in February
South Africa Private Sector Credit rose from previous 8.83% to 10.5% in February
Silver Price Forecast: XAG/USD rises above $70 despite Iran war escalates
Silver price (XAG/USD) trades almost 1% higher to near $70.50 during the early European trading session on Monday.
US Dollar Index (DXY) Price Forecast: Dips to 100.00, hawkish Fed bets to limit losses
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from the vicinity of the monthly top, around the 100.30 region, retested earlier this Monday.
GBP/USD Price Forecast: Rebounds from levels near three-month lows, 1.3200
GBP/USD inches higher after four days of losses, trading around 1.3270 during the Asian hours on Monday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair remains within the descending channel pattern.
WTI inches lower to near $99.00 despite broadening Middle East conflict
West Texas Intermediate (WTI) oil price edges lower after three days of gains, trading around $98.90 per barrel during the Asian hours on Monday. However, crude oil prices may recover on supply concerns as expectations for a quick resolution to the Iran conflict continue to fade.
USD/JPY Price Forecast: Eyes mid-159.00s on intervention warnings; downside seems limited
The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak.
AUD/JPY holds losses below 110.00 due to potential for Japan’s FX intervention
AUD/JPY has pared its recent gains from the previous trading day, hovering around 109.70 during the Asian hours on Monday.
AUD/USD Price Forecast: Breakdown below 0.6900 underpins bearish bias
The AUD/USD pair is down 0.3% around 0.6850 during the Asian trade at the start of the week. The Aussie pair faces selling pressure as risk-off impulse, driven by fears of escalating conflicts in the Middle East, is acting as a key drag on the Australian Dollar (AUD).
EUR/JPY falls to near 184.00 as BoJ Ueda’s comments lift Japanese Yen
EUR/JPY depreciates after registering small gains in the previous trading day, hovering around 184.00 during the Asian hours on Monday. The currency cross weakens as the Japanese Yen (JPY) firms following remarks from the Bank of Japan (BoJ) Governor Kazuo Ueda.
EUR/USD Price Forecast: Consolidates above one-week low; seems vulnerable near 1.1500
The EUR/USD pair recovers a few pips after retesting a one-week low earlier this Monday and holds steady around the 1.1500 psychological mark during the Asian session.
US Dollar Index trades broadly firm above 100.00 amid fears of widening Iran conflicts
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower near 100.15 in the Asian trading session on Monday after retracing from its intraday high of 100.35. Still, the USD Index is close to its two-week high.
S&P 500 futures hit seven-month lows as US-Iran uncertainty deepens
S&P 500 futures fall around 0.6% to 6,370, seven-month lows, during Asian trading hours, ahead of the US regular session open on Monday. US equity futures remain under pressure as risk aversion rises, with uncertainty over a resolution to the Iran conflict deepening.