Trading news

The Pound has ticked up from Friday’s lows at 204.30, but it is struggling to find significant acceptance above the 205.00 level on Monday, despite the positive risk sentiment.

EUR/GBP is holding support near 0.8760–0.8770 ahead of the UK budget, with sterling’s upside constrained and some downside risk if the 2026 BoE easing cycle is under-priced, ING's FX analyst Chris Turner notes.

Oil prices ended last week on a weak footing, with ICE Brent down more than 2.8%. This downward pressure continued in early morning today, with Brent trading at its lowest level in over a month. Ongoing talks to reach a Russia-Ukraine peace deal are weighing on the market.

The recent rise in USD/JPY is slowing with the pair falling on Friday. Intervention rhetoric is getting louder and more frequent. Pair was last seen at 156.76 levels.

The Japanese Yen (JPY) has continued to trade close to recent lows at the start of the week after USD/JPY hit a high last week of 157.89. The pair has risen by around 10 big figures since Sanae Takaichi won the LDP leadership election.

EUR/CHF is rebounding strongly after testing key support, with the pair now challenging a major trend line that could unlock further upside, Société Générale's FX analysts note.

European natural gas prices have fallen below EUR 30/MWh for the first time since May, boosting Europe’s terms of trade and offering relief to its struggling manufacturing sector, ING's FX analyst Chris Turner notes.

Brent crude is stabilizing after last month’s trough near $60, but a break above key resistance is needed to confirm a sustained rebound, Société Générale's FX analysts note.

US Dollar (USD) continued to trade near recent highs, in response to Dec meeting expectations which had remain fluid. More data is coming in while comments from Fed officials continue to paint a divergence in opinions.

The US Dollar is trading flat, around the 1.4100 level against the Canadian Dollar, after failing to break above 1.4130 on Friday.

Germany IFO – Expectations declined to 90.6 in November from previous 91.6

Germany IFO – Current Assessment rose from previous 85.3 to 85.6 in November

Germany IFO – Business Climate below forecasts (88.5) in November: Actual (88.1)

West Texas Intermediate (WTI) Oil price extends its losing streak for the fourth successive session, trading around $57.70 per barrel during the European hours on Monday.

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

EUR/USD shows marginal gains at Monday's European session opening, trading at 1.1520 area at the time of writing, after bouncing from two-week lows at 1.1490 on Friday.

NZD/USD loses ground after registering modest gains in the previous session, trading around 0.5610 during the European hours on Monday. The pair depreciates as the New Zealand Dollar struggles on dovish sentiment surrounding the Reserve Bank of New Zealand (RBNZ) policy outlook.

The New Zealand Dollar is struggling to find acceptance above 0.5600 on Monday, after bouncing from multi-month lows at 0.5570. The pair maintains its broader bearish trend intact, amid hopes of further RBNZ easing later this week.

USD/CAD recovers its recent losses from the previous session, trading around 1.4100 during the early European hours on Monday. The daily chart’s technical setup reflects a persistent bullish bias, with the pair remaining within its ascending channel pattern.

Switzerland Employment Level (QoQ) unchanged at 5.532M in 3Q