Bearish Trade Plan for Crude Oil Futures: Consider a contrarian short at resistance, as dip buyers may take profits after a 2.3% bounce, creating a short-term selling opportunity.
EUR/USD is trading firmer above 1.0900. Germany’s CDU/CSU and SPD coalition are in high-stakes negotiations with the Green party to get the draft debt package passed in the current parliament, BBH FX analysts report.
EUR/USD remains in the low-1.08-1.09 range in a relatively quiet start to the week, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
Australian Dollar (AUD) is under mild downward pressure and could test 0.6250 vs US Dollar (USD); the major support at 0.6215 is not expected to come into view.
Germany’s Chancellor-to-be, Friedrich Merz, is facing obstacles to his plan to push through constitutional reforms to the debt brake before 25 March, when the new parliament is seated.
Gold (XAU) price retreats as the week begins, down 0.70% and falls below the $2,900 figure as investors’ fears of a recession in the United States (US) grow amid controversial trade policies implemented by the US President Donald Trump.
The Mexican Peso depreciates against the US Dollar on Monday, snapping four days of consecutive losses against the emerging market currency as investors eye the release of crucial inflation figures in the United States (US).
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