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GBP/USD is holding steady after losing the 1.3600 handle.Key UK labor data and US inflation figures from Q2 are on the offer in the days ahead.GBP/USD still leans firmly bullish, but a near-term ceiling may be priced in.GBP/USD Held steady within recent consolidation on Monday, testing the waters near 1.3550. Cable traders are bracing for a fast one-two punch of UK and US data over Tuesday and Wednesday, and trade-related headlines continue to loom over market sentiment, further crimping momentum as investors hope for a cooldown in the US’s latest broad tariff tensions with China.Trade talks are underway in London…
USD/JPY eases toward 144.00 as trade talks take center stage.The United States and China attempt to restore trade relations, benefiting risk sentiment.Japan makes progress with its own talks with the US, limiting the Yen’s decline. The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Monday, as markets digest developments in the US-China trade talks. On Friday, Japan announced that it had made some progress of its own in talks with the United States (US), in the fifth round of trade talks between the two nations.However, Monday’s focus was on the talks between the US and China in London, which…
The USD/JPY outlook indicates that the yen is starting the week strong. A former top currency diplomat in Japan noted that the yen could strengthen to the 135-140 range. The US released data showing 139,000 new jobs in May. The USD/JPY outlook indicates that the yen is starting the week strong as market focus shifts back to policy outlooks. On Friday, Japan’s currency collapsed against a strong dollar after the US released a better-than-expected employment report. –Are you interested to learn more about crypto signals? Check our detailed guide- An ex-top currency diplomat in Japan noted on Friday that the…
Euro (EUR) was little changed, last at 1.1415 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Room for Fed to resume easing cycle in due course”Daily momentum is not showing a clear bias for now while RSI fell. Support at 1310 (21 DMA), 1.1235 (23.6% fibo retracement of 2025 low to high). Immediate resistance at 1.1420/30 levels before 1.15 levels.” “Last week ECB lowered rate by 25bps, as widely anticipated. But more importantly, Lagarde commented that the ECB is getting to the end of a monetary cycle ‘that was responding to compounded shocks, including COVID, the illegitimate war…
The rupee appreciated 4 paise to close at 85.64 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and foreign capital inflows.However, elevated global crude oil prices and the US dollar against major rivals overseas restricted its rise, traders said.The rupee benefitted from the initial reaction to the RBI rate cut, but the aggressive rate cut narrows the interest rate differential with global peers, they added.At the interbank foreign exchange, the domestic unit witnessed a volatile trading session. It opened at 85.61 and moved between a high of 85.45 and a low of 85.72…
The USD/CAD forecast shows market participants weighing employment figures from Canada and the US. The economy added 139,000 new jobs in May. Canada reported an unexpected increase in employment of 8,800. The USD/CAD forecast shows market participants weighing employment figures from Canada and the US. At the same time, traders are gearing up for crucial US inflation figures this week that will shape the outlook for Fed rate cuts. –Are you interested to learn more about crypto signals? Check our detailed guide- Last week, the US and Canada released upbeat monthly employment figures. In the US, the economy added 139,000…
Silver price advances as safe-haven demand increases due to fears surrounding the global economic uncertainties.Citigroup expects that the Fed will implement 25 basis point rate cuts in September, October, and December.Trump Administration officials are set to meet with Chinese counterparts in London on Monday.Silver price (XAG/USD) extends its winning streak for the third successive session, and has marked a fresh 13-year high of $36.42 per troy ounce on Monday. The price of the grey metal rises due to rising safe-haven demand amid fears surrounding the global economic and trade uncertainties.The non-yielding assets, including Silver, possibly drew support after Citigroup released…
Silver price gains momentum to near $36.00 in Monday’s early early MondayInvestors look to broaden their exposure to safe-haven assets beyond gold, supporting the Silver price. The stronger US May employment report might lift the USD and cap the white metal’s upside. The Silver (XAG/USD) price trades in positive territory around $36.00 during the Asian session on Monday. The white metal edges higher despite the stronger-than-expected US employment data for May. Later on Monday, investors will closely watch the developments surrounding US-China trade talks.Geopolitical and economic uncertainty could provide some support to the Silver price as investors seek more holdings in safe-haven…
The Indian rupee is set to come under renewed stress on Monday after the US economy added slightly more number of jobs than was expected, prompting a rise in US Treasury yields and bringing relief to the dollar.The 1-month non-deliverable forward indicated a open in the 85.74-85.78 range, versus the close of 85.6250 in the previous session.The Indian currency had found respite on Friday after the Reserve Bank of India delivered a larger-than-expected rate cut while the signalling limited room for more reductions. The policy surprise lifted domestic equities and lent support to the rupee.”The opening today is probably just…
The Japanese economy showed no growth over the quarter in the first quarter (Q1) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in above the market expectation and the previous estimate of -0.2%.The Japan’s Gross Domestic Product (GDP) fell at an annual rate of 0.2% in Q1, compared to -0.7% in the previous reading.Market reaction to Japan’s GDP dataAt the press time, USD/JPY trades 0.13% lower on the day at 144.68. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are…