The AUD/JPY cross gathers strength to around 114.15 during the early European session on Monday. Reports that Iran gave the US a proposal for reopening the Strait of Hormuz and ending the war improve market sentiment, supporting the riskier currencies such as the Australian Dollar (AUD).
Solana (SOL) trades near $88 at press time on Monday, testing grounds above its 50-day Exponential Moving Average (EMA) at $87.04. Renewed weekly inflows in SOL-focused Exchange Traded Funds (ETFs) and rising activity in Solana futures suggest a spike in institutional and retail demand.
USD/CHF remains subdued for the second successive day, trading around 0.7840 during the Asian hours on Monday. The pair struggles as the US Dollar (USD) extends its losses despite increased safe-haven demand.
The GBP/USD pair attracts some dip-buyers in the vicinity of the 1.3500 psychological mark and climbs to over a one-week top during the Asian session on Monday. Spot prices currently trade just below mid-1.3500s, up 0.10% for the day, and seem poised to appreciate further.
Cardano (ADA) extends its recovery, approaching its key resistance at $0.258 on Monday, where a decisive breakout could open the door to further gains.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.65 during the Asian trading hours on Monday. The WTI price edges higher as transit through the Strait of Hormuz remains severely restricted and peace talks between the United States and Iran have stalled.
Gold (XAU/USD) attracts some dip-buyers at the start of a new week and rallies over $50 from the Asian session low, around the $4,672 region.
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 broader cryptocurrency market is showing steady recovery, with Bitcoin (BTC) above $79,000 at press time on Monday. US President Donald Trump suggested an end to the Iran war is imminent, lifting broader market sentiment.
Silver price (XAG/USD) gains ground for the second successive day, trading around $76.00 per troy ounce during the Asian hours on Monday. The white metal inches higher on increased safe-haven demand amid stalled US–Iran peace talks.
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.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) begin the week on a constructive note, extending gains after surging over 6%, 4% and 2% last week.
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.
Iran gave the United States (US) a new proposal to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations, Bloomberg reported on Monday, citing a US official.
The AUD/USD pair turns positive for the second consecutive day following a modest dip on Monday and climbs to a three-day high, around the 0.7170 region during the Asian session.
USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US).
The NZD/USD pair attracts some dip-buyers at the start of a new week and builds on Friday's bounce from the 200-day Simple Moving Average (SMA) support near the 0.5840 area.
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).
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8579 compared to Friday's fix of 6.8674 and 6.8282 Reuters estimate.
GBP/USD remains in the negative territory after trimming daily losses, trading around 1.3520 during the Asian hours on Monday. The pair faced pressure as the risk-sensitive Pound Sterling (GBP) weakened amid stalled US–Iran peace talks.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.
Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Monday. The precious metal attracts some sellers amid the ongoing conflict in the Middle East. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday, with no change in rate expected.
EUR/USD edges higher after opening from levels below the previous close, remaining in the negative territory and trading around 1.1710 during the Asian hours on Monday. The pair faced challenges as the Euro (EUR) depreciated amid fragile peace talks in the Middle East.