Trading news

The USD/JPY pair is trading near the 159.30 price zone as markets are increasingly positioning for a hawkish hold from the BoJ, with policymakers expected to keep the benchmark rate unchanged at 0.75% while signaling a willingness to tighten further.

Dow Jones Industrial Average (DJIA) futures traded around 0.4% lower on Monday, slipping to near 49,100 after dipping briefly below 49,050 earlier in the session.

Silver (XAG/USD) declines and is trading around $74.90 on Monday, down 1.06% on the day. The white metal struggles to find a clear direction in an environment marked by investor caution.

GBP/USD registers modest gains during the North American session, up by 0.19%, as US-Iran talks stalled, while market mood remains fragile, as reflected in US equity markets trading lower. The pair trades at 1.3548, after bouncing off daily lows of 1.3499.

EUR/GBP edges lower on Monday after brief volatility triggered by political jitters in the United Kingdom (UK). At the time of writing, the cross is trading around 0.8658, easing from an intraday high of 0.8676.

In a post on published on his Telegram account, Iran's Foreign Minister Abbas Araghchi said that United States (US) President Donald Trump is requesting negotiations because the US has not achieved any of its objectives.

MUFG’s FX team highlights that Bank of Japan (BoJ) rate-hike expectations for April have collapsed, even as Japanese inflation data surprise to the upside.

Rabobank strategists Molly Schwartz and Christian Lawrence expect the Bank of Canada (BoC) to keep its overnight policy rate at 2.25% through year-end, with no change anticipated at the April 29 meeting.

Scotiabank strategists Shaun Osborne and Eric Theoret observe the Canadian Dollar (CAD) strengthening decisively versus the Dollar, extending its typical April outperformance even as risk sentiment remains uncertain.

USD/CAD declines for a second consecutive day on Monday, trading around 1.3610 at the time of writing, down 0.44% on the day and testing its lowest levels in six weeks.

Standard Chartered strategists Christopher Graham and John Davies expect the European Central Bank (ECB) to keep the deposit rate at 2.00% on 30 April, citing a wait‑for‑data stance as the Middle East conflict evolves.

United States Dallas Fed Manufacturing Business Index down to -2.3 in April from previous -0.2

BNY’s Bob Savage reports that Iran has proposed a U.S. deal prioritizing reopening the Strait of Hormuz and ending the war, with nuclear talks delayed.

MUFG analysts note that EUR/GBP has drifted lower within a 0.8600–0.8800 range as the Pound (GBP) outperforms the Euro (EUR). The euro-zone faces weaker PMIs and rising stagflation risks, while stronger United Kingdom (UK) data and sticky inflation have markets pricing more BoE tightening.

TD Securities strategists Oscar Munoz and Eli Nir outline a busy United States (US) data calendar that will guide US Dollar (USD) traders, including Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index inflation, ISM manufacturing and consumer confidence.

GBP/JPY gives back part of its earlier gains on Monday as the British Pound comes under pressure following reports that UK Prime Minister Keir Starmer will face a parliamentary vote on a possible probe into whether he misled lawmakers over the appointment of Peter Mandelson.

Rabobank strategists reiterate its view that the Federal Reserve (Fed) is likely to cut rates again this year, even as United States (US) Treasury yields edge higher on persistent inflation concerns.

According to The Times, the United Kingdom (UK) House of Commons will vote on Tuesday on whether to launch an investigation through the Committee of Privileges to determine if Prime Minister Keir Starmer misled lawmakers over the appointment of former US ambassador Peter Mandelson.

Commerzbank’s Rainer Guntermann argues that the ECB is likely to maintain a balanced hold this week, with April HICP data expected to show energy-driven headline inflation and a temporary dip in core.

MUFG strategists say EUR/USD has retreated toward the middle of its 1.1400–1.2000 range as the Euro faces headwinds from the Middle East energy shock and weaker euro-zone PMIs.