Trading news

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.25 during the Asian trading hours on Monday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on modest Asian session gains to the $106.45 region, or a nearly four-week high, and retreats to the lower end of its daily range in the last hour.

Silver price (XAG/USD) holds losses for the third successive day, trading around $72.20 per troy ounce during the Asian hours on Monday.

The USD/CAD pair attracts some buyers for the third consecutive day on Monday and trades just below mid-1.3900s during the Asian session, well within striking distance of a nearly four-month high set last week amid a firmer US Dollar (USD).

The NZD/USD pair remains on the defensive near 0.5695 during the Asian trading hours on Monday. The US Dollar (USD) strengthens against the Kiwi as traders weigh developments in the Middle East. The Reserve Bank of New Zealand (RBNZ) policy meeting will be in the spotlight later on Wednesday. 

GBP/USD remains subdued for the third consecutive trading day, hovering in the negative territory around 1.3190 during the Asian hours on Monday. The pair struggles as the safe-haven demand for the US Dollar (USD) increases amid heightened uncertainty in the Middle East.

The EUR/USD pair trades with mild gains around 1.1515 during the early Asian session on Monday. The stronger-than-expected US jobs data and heightened uncertainty in the Middle East boost demand for the US Dollar (USD) as a safe-haven. 

The AUD/USD pair extends the decline to near 0.6885 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) amid stronger-than-expected US employment data and ongoing geopolitical tensions in the Middle East.

The USD/JPY pair trades on a flat note near 159.65 during the early Asian session on Monday. The pair steadies as traders continue to assess the developments surrounding the US-Iran conflict.

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to raise their oil output quotas by 206,000 barrels per day (bps) for May, Reuters reported.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $105.00 during the Asian trading hours on Monday. The WTI price climbs to its highest levels in nearly four years amid escalating conflict in the Middle East.

Spot Gold gapped marginally lower at the weekly opening, with the XAU/USD pair battling to retain the $4,600 mark early in the Asian session.

United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social.

United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K

United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K

United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K

Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K

United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K

Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K

Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K