Trading news

Indonesia Trade Balance increased to $3.32B in March from previous $1.28B

Indonesia Imports fell from previous 10.85% to 1.51% in March

USD/INR loses ground after registering modest gains in the previous trading day, hovering around 94.90 during the Asian hours on Monday. Traders evaluate progress in the United States (US)–Iran peace negotiations.

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

The AUD/USD pair enters a bullish consolidation phase at the start of a new week and holds steady above the 0.7200 mark, near its highest level since June 2022, touched on Friday.

Indonesia Exports declined to -3.1% in March from previous 1.01%

Indonesia Core Inflation (YoY) declined to 2.44% in April from previous 2.52%

Gold (XAU/USD) attracts some sellers during the Asian session on Monday, though it lacks bearish conviction and shows some resilience below the $4,600 mark.

Indonesia Inflation (MoM) fell from previous 0.41% to 0.13% in April

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 98.20 during the Asian trading hours on Monday. The DXY steadies as traders continue to assess geopolitical tensions in the Middle East. 

Silver price (XAG/USD) declines after opening at a gap up, but remains in the positive territory and trades around $75.40 per troy ounce during the Asian hours on Monday.

The NZD/USD pair attracts some dip-buyers at the start of a new week and climbs back above the 0.5900 mark during the Asian session.

USD/CAD inches higher for the second successive day, trading around 1.3590 during the Asian hours on Monday. The pair remains stronger as the commodity-linked Canadian Dollar (CAD) faces challenges amid lower oil prices.

Reserve Bank of New Zealand (RBNZ) board member Prasanna Gai said on Monday that pre-emptive tightening requires strong synchronization and an active coordination mechanism.

The GBP/USD pair posts modest gains near 1.3580 during the Asian trading hours on Monday. Nonetheless, the potential upside for the major pair might be limited amid Middle East uncertainty. The US employment report for April will take center stage later on Friday. 

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – rebounds following a bearish gap opening to the $96.45 area on Monday, though it sticks to modest intraday losses through the Asian session.

EUR/USD depreciates after opening at the bullish gap, remaining in the positive territory and trading around 1.1720 during the Asian hours on Monday.

Australia ANZ Job Advertisements climbed from previous -3.1% to -0.8% in April

Australia Building Permits (YoY): 9% (March) vs previous 14%

Australia Building Permits (MoM) came in at -10.5%, below expectations (-9.9%) in March