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Dow Jones futures falls 0.16%, trading near 49,300 during the European hours on Monday, ahead of the United States (US) regular opening. Meanwhile, S&P 500 and Nasdaq 100 futures decline 0.10% and 0.06% to near 7,190 and 27,420, respectively.US stock futures lose ground as risk aversion increases on stalled US–Iran peace talks. US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran. Iranian President Masoud Pezeshkian stated that his nation won’t enter “imposed negotiations under threats or blockade.” However, Axios reported on Monday, citing a US official and two informed sources, that Iran has…

Silver price (XAG/USD) gains ground for the second successive day, trading around $76.00 per troy ounce during the Asian hours on Monday. The white metal inches higher on increased safe-haven demand amid stalled US–Iran peace talks.US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran. Trump on Saturday told Jared Kushner and Steve Witkoff to skip the trip to Pakistan, which is mediating talks, saying that Iran “offered a lot, but not enough.President Trump said, “If they want to talk, they can come to us, or they can call us. You know, there is…

MUMBAI: The Indian rupee is poised to weaken further on Monday and through the coming week, after holding within a relatively stronger 92.50–93.50 range over the past fortnight.Persistent dollar demand, a swelling oil import bill and steady foreign portfolio outflows continue to weigh on the currency despite RBI’s efforts to curb speculative activity and limit market participation by oil companies.The rupee is expected to open with a gap on Monday at 94.40-94.50, weaker from its previous close of 94.25/$.“Over the past few days, we see RBI tolerating weaker levels. On Friday, it intervened at 94.30/$; before that we saw intervention…

Iran’s Foreign Minister Abbas Araghchi held talks in ‌Oman on Sunday and discussed security in the Strait of Hormuz and broader Gulf waters and diplomatic efforts to end the Iran-US conflict, Reuters reported on Sunday.Araghchi said that the US military presence in the Middle East was fuelling insecurity and division and called for a regional security framework free of outside interference.Iran’s Foreign Minister further stated that regional countries must form collective security without US intervention.Market reactionAt the time of writing, the West Texas Intermediate (WTI) is up 1.25% on the day at $94.30. Brent Crude Oil FAQs Brent Crude Oil…

OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures. While Singapore Dollar (SGD) remains a regional defensive currency, they note fading bearish momentum and rising RSI on USD/SGD, alongside expectations that Singapore inflation will accelerate toward 2% as energy-related costs from the Middle East conflict pass through supply chains.Defensive SGD faces inflation pressures”Slight upward risk. USD/SGD inched higher overnight tracking the broad USD rebound.””Pair was last at 1.2780 levels. Bearish momentum on daily chart faded while RSI rose.””Risks somewhat skewed to the upside…

Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers since the Iran war as the Philippines remains highly exposed to Middle East energy prices.Rate hike fails to lift weak currency”The Bangko Sentral ng Pilipinas (BSP) raised the target reverse repo rate by 25bp to 4.50%. The market consensus was split 50-50 on a rate hike in a Bloomberg poll. It was BSP’s first rate hike since September 2023. The decision was aimed…

OCBC strategists Sim Moh Siong and Christopher Wong describe a technical rebound in USD/TWD driven by broader US Dollar (USD) strength and risk aversion linked to the US‑Iran ceasefire stalemate. While near-term upside risks persist, they still prefer fading rallies, citing strong foreign inflows into Taiwanese equities, high correlation with the tech cycle, and robust AI-led export momentum as supportive for the Taiwan Dollar (TWD).Short-term squeeze versus tech support”Technical rebound fade. USDTWD rebounded, tracking the broad uptick in USD as risk sentiment was restraint.””The squeeze higher in USDTWD was consistent with our technical caution for falling wedge – typically associated…

DBS Group Research economist Samuel Tse analyses recent steepening in Chinese Yuan (CNY) rates, linking it to a ceasefire between the United States (US) and Iran and stronger-than-expected Q1 growth in China. He highlights resilient Purchasing Managers’ Index (PMI), firm industrial and external activity, robust onshore bond demand and continued offshore inflows, arguing this backdrop supports a stable front end and an accommodative but measured People’s Bank of China (PBoC) stance.Steepening curve on solid macro backdrop”The CNY curve has steepened in the past week, driven by a ceasefire between the US and Iran and a stronger-than-expected macro starting point in…

USD/CHF dropped on Friday but finished the week with gains of over 0.35%, trading at 0.7841 as market participants grew confident that US-Iran talks could resume over the weekend to resolve the conflict.USD/CHF Price Forecast: Technical OutlookFrom a technical perspective, USD/CHF appears poised to remain in a consolidation within the 0.7800-0.7900 range. Momentum, as measured by the Relative Strength Index (RSI), suggests further downside, as the index is bearish and pointing lower.Price action suggests the uptrend might be pausing after hitting a nine-day high of 0.7877, but closing near the 50-day SMA at 0.7840 and failing to clear key resistance…

Lloyd Chan at MUFG highlights that USD/IDR has broken to fresh highs, overshooting earlier expectations for near-term stabilization. The move is attributed more to domestic confidence and fiscal uncertainty than broad US Dollar (USD) strength. While upside risks have increased, MUFG also flags growing signs of Rupiah undervaluation and potential constraints from Bank Indonesia’s policy response.Domestic confidence shock drives USD/IDR”USD/IDR has reached fresh all-time highs around 17,300 level. This overshoots our prior near-term stabilisation view around 17,000. This move appears less about global USD strength and more about a domestic confidence shock, with markets likely reacting to heightened fiscal uncertainty.””In…