Trading news

The GBP/USD pair holds positive ground near 1.3520 during the early European session on Monday. The major pair recovers after falling to four-week lows last week amid renewed concerns over US tariffs.

The NZD/USD pair gives back half of its early gains during the early European trading session on Monday after facing selling pressure above the psychological barrier of 0.6000.

UOB Global Economics & Markets Research notes that the US Dollar weakened after the Supreme Court ruled President Trump had exceeded his authority on earlier global tariffs, even as new 15% tariffs were announced under a different law.

The AUD/USD pair gives back its early gains after facing selling pressure above 0.7100 and falls 0.23% to near 0.7065 during the late Asian trading session on Monday. The Aussie pair turns upside down as the Australian Dollar (AUD) underperforms across the board.

The USD/CHF pair faces some selling pressure to around 0.7725 during the early European session on Monday. US President Donald Trump’s fresh tariff plans weigh on the Greenback against the Swiss Franc (CHF).

The Indian Rupee (INR) opens marginally higher against the US Dollar (USD) at the start of the week. The USD/INR ticks down to near 90.86 as the US Dollar (USD) has come under pressure, following the United States (US) Supreme Court’s (SC) ruling against President Donald Trump’s tariff policy.

Singapore Consumer Price Index (YoY) up to 1.4 in January from previous 1.2

The AUD/JPY cross tumbles to near 109.05 during the early European session on Monday. Renewed trade war fears, rising geopolitical tensions in the Middle East, and uncertainty provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Aussie. 

Gold prices rose in India on Monday, according to data compiled by FXStreet.

EUR/USD gains ground for the second successive session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index (RSI) momentum indicator stands at 51 (neutral) after recovering above the midline, indicating stabilizing momentum.

The USD/JPY pair sticks to heavy intraday losses through the Asian session on Monday, though it manages to defend and rebound a few pips from the 154.00 round-figure mark. Spot prices currently trade around the 154.35 region, still down over 0.45% for the day, and seem vulnerable to slide further.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 97.50 during the Asian hours on Monday.

Gold (XAU/USD) registered its highest-ever weekly close, above the $5,100 mark on Friday, and gains strong follow-through traction at the start of a new week.

The EUR/JPY pair trades 0.15% down to near 182.40 during the Asian trading session on Monday. The cross has come under pressure as the safe-haven appeal of the Japanese Yen (JPY) has improved in a holiday mood in Japan amid uncertainty over the United States (US) trade policy.

The USD/CAD pair drifts lower to near 1.3665 during the Asian trading hours on Monday, pressured by lower crude oil prices and US tariff uncertainty. Traders await the release of the US Producer Price Index (PPI) report for January, which is due later on Friday. 

China's Commerce Ministry on Monday urges the United States (US) to lift its unilateral tariffs on trading partners. Officials added that China will firmly defence Chinese interests.

Silver price (XAG/USD) extends its winning streak for the fourth consecutive day, trading around $87.10 per troy ounce during the Asian hours on Monday. Safe-haven demand for precious metals, including Silver, has strengthened as tariff uncertainty continues to unsettle markets.

West Texas Intermediate (WTI) US Crude Oil prices open with a bearish gap at the start of a new week and move further away from the highest level since August 4, around the $68.00 mark, touched last Friday.

NZD/USD gains ground for the third consecutive session, trading around 0.5990 during the Asian hours on Monday.

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar (USD) faces some selling pressure against the Cable as tariff uncertainty lingers.