GBP/USD: August Has Been the Pair’s Most Bearish Month
GBP/USD has, on average, seen its worst monthly performance in August, with average returns of around -0.5% since 1971. See what other seasonal patterns could play out in August!
FX
Japan stocks lower at close of trade; Nikkei 225 down 1.02%
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Gold bulls seem hesitant amid rebounding USD; receding Fed hike bets limit the downside
Gold (XAU/USD) extends its sideways consolidative price move through the first half of the European session and trades above the $4,050 level following a modest bullish gap on Monday. A goodish US Dollar (USD) recovery …
Indonesian Rupiah holds gains as manufacturing PMI expands in July
USD/IDR remains subdued for the fourth successive day, trading around 18,040 during the Asian hours on Monday. The pair experiences notable downside pressure as the Indonesian Rupiah (IDR) strengthens in response to enc…
GBP/USD Price Forecast: At make or a break around 1.3500
The British Pound (GBP) underperforms its major currency peers, trading 0.1% lower at around 1.3470 against the US Dollar (USD) during the early European trading session on Monday. The GBP/USD declines as traders recons…
EUR/JPY Price Forecast: Breaks below 179.50 as bearish bias prevails
EUR/JPY extends its gains for the third successive day, trading around 179.40 during the Asian hours on Monday. The currency cross is extending a bearish near-term tone as price holds beneath both the nine-period and 50…
United States Dollar Index weakens below 100.00 as Trump says new Iran talks would begin Monday
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 99.70 in the Asian trading hours on Monday. The DXY declines amid improved…
Germany’s Retail Sales falls by 1.1% MoM in June vs. -0.5% expected
German Retail Sales, a key measure of consumer spending, showed a downside in June. The consumer spending measure fell 1.1% month-on-month (MoM), according to official data released by Destatis, while it was expected to…
Euro: Rebound eyes key resistance band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward 1.1565 intraday, provided it holds above 1.1495. On a 1–3 week view, he sees potent…
Indian Rupee starts the week with a bang on US-Iran peace 2.0
The Indian Rupee (INR) opens strongly against the US Dollar (USD) at the start of the week. The USD/INR extends its losing streak for the third trading day, is down 0.25% to near 95.15, the lowest level seen in over thr…
Australian Dollar remains stronger following China’s RatingDog Manufacturing PMI data
AUD/USD depreciates after opening at a bullish gap, remaining in the positive territory and trading around 0.7030 during the Asian hours on Monday. The currency pair maintains its gains as the Australian Dollar (AUD) re…
New Zealand holds gains near 0.5900 despite weaker China PMI data
The NZD/USD pair holds positive ground near 0.5890 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains firm despite the downbeat Chinese economic data. Traders will closely monitor the develop…
Australian Dollar languishes near April low as joint US-Japan intervention lifts Yen
The AUD/JPY cross turns lower for the fifth straight day after a modest uptick to the 111.20 region on Monday and drops to its lowest level since early April during the Asian session. Spot prices currently trade around …
Japan's Katayama: Conducted coordinated yen-purchasing intervention with US
Japan's Finance Minister Satsuki Katayama said on Monday that Japanese authorities conducted coordinated Yen-buying intervention with the United States (US) on Friday, adding that officials will not hesitate to carry ou…
Gold recovers above $4,050 as Trump pauses Iran strikes
Gold price (XAU/USD) attracts some buyers to around $4,060 during the early Asian session on Monday. The precious metal edges higher amid hopes of a breakthrough between the United States (US) and Iran after reports tha…
Japanese Yen softens, traders watch further US-Japan joint currency intervention
The USD/JPY pair recovers some lost ground to near 157.65, snapping the three-day losing streak during the early Asian trading hours on Monday. Traders remain on high alert for further intervention from the US and Japan…
OPEC+ agrees to boost September production by 188,000 barrels per day
The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to boost oil production by 188,000 barrels a day (bpd) from September, against a backdrop of disruption caused by the Mideast war.
British Pound struggles despite easing risk aversion
GBP/USD holds losses after three days of gains, trading around 1.3470 during the Asian hours on Monday. The currency pair may regain its footing as the US Dollar (USD) struggles under easing risk aversion, driven by hop…
China’s RatingDog Manufacturing PMI declines to 50.9 in July
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) eased to 50.9 in July from 51.7 in June the latest data published by RatingDog showed on Monday. The market forecast was for a 51.5 reading.
Canadian Dollar drifts lower as falling oil prices counter weak USD amid Iran hopes
The USD/CAD pair kicks off the new week on a positive note, though it lacks bullish conviction and remains confined within Friday's broader range. Spot prices currently trade around the 1.4030 region, up less than 0.10%…
WTI holds losses near $79.00 amid Middle East peace talks, OPEC+ output expansion
West Texas Intermediate (WTI) crude oil price gains ground after opening with a bearish gap, remaining nearly 7% down to trade around $79.30 per barrel during Asian hours on Monday. This sharp drop in oil prices followe…
Prysmian nears deal to acquire U.S. electrical maker Atkore- Bloomberg
Aug 2 (Reuters) - Italian cable maker Prysmian is in advanced talks to acquire U.S. electrical products maker Atkore, Bloomberg News reported on Sunday, citing people familiar with the matter.
Breaking: Japanese Yen rises above 155.50 as Japan announces joint intervention with the US.
The USD/JPY pair tumbles to near 155.45, the lowest since May 6, during the early Asian trading hours on Monday. The Japanese Yen (JPY) attracts some buyers following reports of more joint intervention by the United Sta…
BYD sales climb nearly 22% in July on strong overseas demand
Chicago, IL – July 15, 2026 – Today, Zacks Equity Research BYD Co Ltd BYDDY, NIO Inc. NIO and Yamaha Motor Co., Ltd. YMHAY