National Bank of Canada (NBC) strategist Angelo Katsoras analyzes how the 2026 United States (US) midterm elections could reshape policy under President Trump. He notes Democrats are favoured by high inflation, weak approval ratings and a strong generic ballot lead.

Standard Chartered economists Anubhuti Sahay and Saurav Anand highlight that India’s AI-enabling goods trade deficit has become the second-largest contributor to the country’s trade gap after Oil, overtaking Gold.

ING strategist Francesco Pesole notes the Dollar remains supported as ING now expects the Fed to deliver one final rate hike in December. Despite near-term upside risks for the Dollar, ING keeps a gradually negative longer-term view and anticipates lower energy prices in Q4.

Societe Generale analysts Michael Haigh and Jeremy Sellem highlight a sharp divergence between physical Brent and futures, with Dated Brent trading at a substantial premium. They note that Diesel strength implies Brent should be above $150/bbl to restore historical refining economics.

Chicago Federal Reserve (Fed) Bank President Austan Goolsbee said at an Official Monetary and Financial Institutions Forum event on Monday that various factors including strong demand, tariffs, energy and supply shocks are fuelling United States (US) inflationary pressures.

Bitcoin price reclaims $85,000 on Monday, advancing last week’s 5% recovery toward an eight-month high. The recovery in King Crypto aligns with renewed institutional demand, with Exchange Traded Funds (ETFs) recording $433 million in inflows on Friday. 

EUR/CAD extends its gains for the third successive day, trading around 1.6090 during the European hours on Monday. The currency cross remains stronger as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices.

Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.

ING strategist Frantisek Taborsky says Moody’s downgrade of Poland to A3 adds to pressure on CEE assets at the start of a relatively quiet second half of the month.

Danske Research Team notes that EUR/USD consolidated below 1.15 on Friday as European yields moved higher, with Bund yields rising amid increased French sovereign risk.

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that any new military attack could trigger a response fought across a different geographical area and with different weapons, Reuters reported on Monday.

USD/IDR extends its winning streak for the eighth successive day, trading around 17,850 during the Asian hours on Monday. The pair remains stronger as the US Dollar (USD) gains support amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.

Ukraine carried out a large-scale overnight drone and missile attack targeting Moscow and the surrounding region on Sunday, BBC reported. 

US Treasury Secretary Scott Bessent spoke ahead of the US President Donald Trump and Chinese President Xi Jinping summit, saying that he had a very successful engagement with China on trade and AI, Reuters reported on Monday. 

GBP/USD inches lower after registering modest gains in the previous trading day, hovering around 1.3390 during Asian hours on Monday. The pair loses ground as the US Dollar (USD) holds ground amid hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.

Minneapolis Federal Reserve (Fed) President Neel Kashkari said that inflation is too high across all sectors ‌of the US economy, not just in rising oil prices, Reuters reported on Sunday.

US and Chinese officials began talks in New York aimed at clearing the way for possible agreements on trade, Artificial Intelligence (AI) and critical minerals ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping later on Thursday, Bloomberg reported on Sunday.

TradingKey - 닐 카시카리 미니애폴리스 연방준비은행 총재는 미국의 인플레이션이 여전히 높은 수준을 유지하고 있다며, 물가 상승 압력이 이란 전쟁으로 치솟은 유가에만 국한되지 않고 경제 전반의 여러 부문으로 확산하고 있다고 밝혔다.카시카리 총재는 미국인들이 일상생활에서 겪는 인플레이션은 "단순한 유가 문제를 훨씬 뛰어넘는 수준"이라며 경제 모든 영역

OCBC strategist Christopher Wong highlights that Taiwan’s CBC kept its policy rate at 2% for a tenth straight quarter with a mildly hawkish tone, sharply raising 2026 growth and inflation forecasts while flagging sticky services inflation.

Commerzbank’s Charlie Lay and Henry Hao report that Taiwan’s CBC kept its policy rate at 2.0% for a tenth straight meeting, signalling a patient stance.

OCBC strategist Christopher Wong notes that the Korean Won remains under pressure as foreign selling of Korean equities persists and elevated US yields after the FOMC continue to weigh. Large-cap technology stocks are at the centre of outflows, though the broader KOSPI has held up.

OCBC’s Christopher Wong highlights that Singapore’s August NODX surged 46.2% year-on-year, far above consensus, with electronics exports jumping on AI-related demand and broad-based strength across markets.

Chang Wei Liang at DBS Group Research highlights that USD/CNH is easing toward 6.70 despite a stronger Dollar, with the Renminbi (RMB) supported by a lower USD/CNY fixing below 6.76.

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775.

Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)

Eurozone CFTC EUR NC Net Positions increased to €-27K from previous €-42.6K

United States CFTC S&P 500 NC Net Positions down to $-100.5K from previous $-76K

United States CFTC Gold NC Net Positions down to $230.3K from previous $232K

Australia CFTC AUD NC Net Positions: $-38.9K vs previous $-34.9K