News and Analysis

GBP/AUD is forming a potential bullish continuation pattern, with RBA minutes, Australian unemployment and Bank of England commentary among the catalysts that could spark a breakout.

Gold (XAU/USD) shows signs of quiet accumulation above $4,000 despite US dollar strength, with fading bearish momentum and dip buyers eyeing a rebound.

EUR/USD is trading at 17-month lows near 1.1160 as political developments in Germany and Spain inject uncertainty into the euro’s outlook - where is the next support ahead of US CPI?

The dual intervention was more than two months ago and since we’ve heard multiple comments from both the US and Japan to try to guide the USD/JPY spot rate lower. Markets appear to be calling that bluff.

The weekly trade levels that matter on the US Dollar Index, GBP/USD and USD/CAD charts this week.

Silver prices have been more than halved since the January high but last week saw a key trendline come into play as bulls grasp to hold the $60 handle for the metal.

News over the weekend, including continued Houthi strikes in Riyadh has had negative impact on foreign currencies so far, especially those where the economy relies on energy imports. The EUR/USD is particularly vulnerable as lingering concerns over French fiscal policy continue to undermine the euro.

News over the weekend, including continued Houthi strikes in Riyadh has had negative impact on foreign currencies so far, especially those where the economy relies on energy imports. The EUR/USD is particularly vulnerable as lingering concerns over French fiscal policy continue to undermine the euro.

U.S. stocks are subdued on Monday as investors weigh oil prices and geopolitical developments, while looking cautiously ahead to Q3 bank earnings and inflation data later in the week.

Gold came under renewed pressure in the first half of Monday’s session, alongside weakness across the major FX pairs, especially the EUR/USD. The gold weakness follows a relatively sharp two-day rally at the end of last week, which had raised hopes that the metal may finally have found a floor.

Oil weighs up Russia developments against Middle Eastern tensions. EUR/USD struggles around 1.12 with US and EZ inflation data this week.

Deteriorating steelmaker profitability, seasonal weakness and bearish technicals are weighing on iron ore. But with the price testing critical support, there's genuine two-way directional risk despite the substantial headwinds facing bulls.