Markets continue to expect large-scale CTA buying activity in Gold markets, tallying up to a massive +20% of max size into this week's NFP in any scenario for prices, reflecting a rise in leverage and signal strength as Liberation day's vol-shock continues to reverberate across markets, TDS' Senior
The President of the Federal Reserve (Fed) Bank of Dallas, Lorie Logan, struck a cautiously balanced tone in earlier remarks, acknowledging both persistent inflation pressures and rising market uncertainty.
The Indian Rupee (INR) stages a mild recovery, strengthening against the US Dollar (USD) on Monday after posting a nearly 1% decline the previous week.
Economic activity in the US manufacturing sector lost momentum in May, with the ISM Manufacturing PMI receding to 48.5 from 48.7 in April, coming in below analysts’ estimates of 49.5.
Silver (XAG/USD) is shining brightly on Monday, with prices rallying in response to a weaker US Dollar (USD). With the white precious metal trading over 3% higher on the day, prices have moved above the 10-day Simple Moving Average (SMA), providing support at $33.28 at the time of writing.
The Mexican Peso (MXN) is trading firmer against the US Dollar (USD) on Monday, as traders digest the impact of a surprise tariff escalation by the United States. The USD/MXN pair is struggling to maintain any recovery momentum, with risk sentiment dented and the Greenback broadly offered.
The Swiss Franc (CHF) extends its winning streak against the US Dollar (USD) for the third consecutive day on Monday, starting the week on a firm footing as a broadly weak US Dollar and cautious global sentiment continue to underpin demand for the safe-haven currency.
Gold (XAU/USD) has been one of the major beneficiaries of the US Dollar sell-off on Monday. The Precious metal has surged about $60 so far, as the US dollar drops across the board on a mix of trade uncertainty and looming woes about the US fiscal health.
Japanese Yen (JPY) is strong, up 0.8% against the US Dollar (USD) and outperforming most of the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Pound Sterling (GBP) is also showing impressive strength with a 0.6% gain vs. the US Dollar (USD) and mid-performance among the G10, retracing a good portion of its latest pullback from last Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Euro (EUR) is strong, up an impressive 0.6% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
With a new month underway, the US Dollar (USD) finds itself on the defensive again, supporting the idea that some of its late May gains could have been related to month-end demand.
Chance for US Dollar (USD) to edge above 7.2100 before leveling off against Chinese Yuan (CNH); next resistance at 7.2180 is unlikely to come under threat.
As if the prospect of renewed conflict with China were not enough, Donald Trump announced on Friday that he would double tariffs on steel and aluminium imports to 50%, Commerzbank's FX analyst Michael Pfister notes.
US Dollar (USD) is likely to trade in a range of 143.25/144.30. In the longer run, the outlook for USD is unclear after wild swings; for the time being it could trade between 142.10 and 146.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Australian Dollar is one of the stronger performers on Monday. The sour risk sentiment is not weighing the Aussie today, which is drawing support from a weak US Dollar to reach levels right below 0.6500.The Greenback has opened the week on the back foot, hit by a mix of events.
Above 0.6000, New Zealand Dollar (NZD) has a chance to test of the significant resistance level at 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The net profit of 26 Degrees Global Markets Group, which offers prime brokerage services, dropped by about 92 per cent in 2024 to AU$410,000, according to the company’s annual financial report seen...
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
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