Trading news

The AUD/USD pair gathers strength around 0.6910 during the early European trading hours on Monday. Hopes for a US-Iran ceasefire provide some support to the riskier asset, such as the Australian Dollar (AUD) against the Greenback.

EUR/CAD moves little for the second consecutive trading day, trading around 1.6070 during the early European hours on Monday.

Spain Unemployment Change below expectations (10.3K) in March: Actual (-22.9K)

Philip Wee at DBS Group Research argues that USD/JPY looks overextended as it tests Japan’s 160 pain threshold. The pair is supported by the US-Japan rate differential, but markets now price a roughly two-thirds chance of a Bank of Japan (BoJ) rate hike on April 28.

BNY’s Bob Savage flags unpleasant preliminary March inflation in Europe, driven by energy and refined products, with diesel prices above 2022 levels. Governments are capping fuel costs via tax and margin measures, raising fiscal credibility questions.

The GBP/JPY pair trades almost flat at around 210.85 during the early European trading session on Monday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire. 

Commerzbank’s Dr. Henry Hao and Moses Lim highlight that Brent crude Oil remains supported as Middle East conflict disrupts regional energy infrastructure and constrains OPEC+ supply.

The Euro (EUR) is trading lower against the British Pound (GBP) on a calm week opening, with most markets closed on Easter Monday, and markets wary of risk, amid greater concerns about an escalation of the war in Iran.

Iran’s parliamentary speaker Mohammad Baqer Qalibaf condemned US President Donald Trump’s threats to target energy and transport infrastructure, saying he was being misled by Israel’s Prime Minister Benjamin Netanyahu, Reuters reported on Monday.

Silver price (XAG/USD) trades 0.7% lower to near $72.50 in the late Asian trade on Monday, but is broadly consolidating in a limited range. The white metal turns sideways as investors await Iran’s response to United States (US) President Donald Trump’s ultimatum.

The NZD/USD pair attracts some buyers near the 0.5680 region, or over a four-month trough retested during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak.

The USD/CAD pair declines to around 1.3940 during the early European trading hours on Monday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after two days of gains and trading around 100.10 during the Asian hours on Monday.

The Indian Rupee (INR) falls after a flat opening against the US Dollar (USD) at the start of the Reserve Bank of India’s (RBI) monetary policy week.

Singapore Retail Sales (MoM) increased to 57.5% in February from previous 6.1%

Singapore Retail Sales (MoM): -4.1% (February) vs previous 6.1%

India HSBC Services PMI above expectations (57.4) in March: Actual (57.5)

India HSBC Composite PMI came in at 57, above expectations (56.5) in March

Singapore Retail Sales (YoY) increased to 8.3% in February from previous -0.4%