Makro Haberleri

HSBC Asset Management notes that upcoming meetings of the Federal Reserve (Fed), European Central Bank (ECB and Bank of England (BoE) are unlikely to deliver policy changes, but guidance on inflation and growth will be closely watched.

EUR/CAD moves little after two days of gains, trading around 1.6010 during the European hours on Monday. The currency cross may rise as the Euro (EUR) draws support from surging energy prices, which have strengthened expectations around the European Central Bank (ECB) cautious outlook.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, turns lower for the second straight day on Monday and moves further away from a one-week high, around the 99.00 mark touched last Thursday.

Philip Wee at DBS Group Research discusses how Federal Reserve (Fed) leadership dynamics are influencing United States (US) markets and the US Dollar (USD).

The Euro (EUR) extends gains for the second consecutive day against the US Dollar (USD) on Monday, as investors hold moderate optimism that the Iran-US level might yield a positive outcome. German GfK consumer sentiment data disappointed, but the impact on the common currency has been mild so far.

The GBP/JPY pair ticks up to near 215.70 during the early European trade on Monday. The pair edges higher as the Japanese Yen (JPY) underperforms its major currency peers amid uncertainty surrounding the Bank of Japan’s (BoJ) monetary policy, which will be announced on Tuesday.

The EUR/GBP cross holds steady around 0.8660 during the early European trading hours on Monday. Markets turn cautious ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions on Thursday.

The USD/JPY pair gives back its opening gains and trades marginally lower around 159.20 during the late Asian trading session on Monday. The pair surrenders early gains as the US Dollar (USD) turns upside down despite the United States (US)-Iran diplomacy remaining at a stalemate.

EUR/JPY inches lower after registering modest gains in the previous day, trading around 186.70 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is positioned within the ascending channel, signaling an ongoing bullish bias.

The EUR/USD pair claws back its early losses and turns positive around 1.1730 during the Asian trading session on Monday. The major currency pair gains as the US Dollar (USD) turns upside down.

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 98.45 during the Asian trading hours on Monday. The DXY edges lower after reports that Iran offered the US a proposal for reopening the Strait of Hormuz.

The USD/JPY pair trades on a flat note near 159.50 during the early Asian session on Monday. Traders prefer to wait on the sidelines ahead of the key interest rate decisions from both the Bank of Japan (BoJ) and the US Federal Reserve (Fed).

The AUD/USD pair trades in negative territory near 0.7145 during the early Asian session on Monday. The Australian Dollar (AUD) softens against the US Dollar (USD) amid fragile peace talks in the Middle East, and markets brace for the Federal Reserve (Fed) interest rate decision later on Wednesday.