Trading news

The GBP/USD pair opens with a bearish gap at the start of a new week and, for now, seems to have snapped a five-day winning streak to its highest level since late February, around the 1.3485 region set last week.

United States (US) President Donald Trump confirms, through a post on Truth.Social, that the blockade on ships entering to and exiting from Iranian ports will officially begin today, April 13, at 10:00 AM ET (14:00 GMT).

AUD/JPY pares its daily losses but remains in the negative territory, trading around 112.40 during the Asian hours on Monday.

The USD/CAD pair retreats a few pips from the Asian session high and currently trades around the 1.3860-1.3855 region, up around 0.15% for the day.

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

Gold (XAU/USD) rebounds from the $4,633-$4,632 area, or a four-day trough touched during the Asian session on Monday, and fills a major part of the weekly bearish gap amid mixed cues.

In a parliamentary election in Hungary on Sunday, Péter Magyar, leader of the nation’s center-right opposition Tisza party, defeated veteran incumbent Prime Minister Viktor Orbán in a landslide victory.

West Texas Intermediate (WTI), futures on NYMEX, trade 7.6% higher to near $98.00 during the Asian trading session on Monday.

EUR/USD edges higher after opening at a gap down, trading around 1.1690 during the Asian hours on Monday. The daily chart technical analysis indicates a bullish bias, as the pair is rising within an ascending channel.

The USD/JPY pair builds on gains from the past two days and opens with a bullish gap at the start of the new week, rising to the 159.85 region during the Asian session. However, intervention fears keep a lid on any further appreciation for spot prices.

EUR/JPY pares its daily losses but remains in the negative territory, trading around 186.60 during the Asian hours on Monday. The currency cross faced challenges as the risk-sensitive Euro (EUR) lost ground following the failure of the United States (US)-Iran peace talks.

The USD/CHF pair kicks off the new week on a positive note and recovers further from a nearly three-week low, around the 0.7855 area, touched on Friday.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8657 compared to Friday's of 6.8654 and 6.8395 Reuters estimate.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining in the positive territory after paring daily gains and trading around 99.00 during the Asian hours on Monday.

The AUD/USD pair opens with a bearish gap at the start of a new week, though it lacks follow-through and recovers around 40 pips from the Asian session low levels below the 0.7000 psychological mark.

The NZD/USD pair opens with a bearish gap at the start of a new trading week in reaction to failed US-Iran peace talks over the weekend and trades around the 0.5800 mark during the Asian session.

Silver price (XAG/USD) halts its five-day winning streak, falling over 2.5% and trading around $73.80 per troy ounce during the Asian hours on Monday.

Japan Money Supply M2+CD (YoY) increased to 2% in March from previous 1.7%

Gold price (XAU/USD) moves little after opening at a gap down, hovering around $4,670 per troy ounce during the Asian trading hours on Monday.

The Canadian Dollar (CAD) is extending its pullback from two-week highs of 1.3844 against the US Dollar (USD) early Monday, with USD/CAD capitalizing on the renewed demand for the Greenback as a go-to safe-haven.