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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.
Mon, Aug 3
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.
Mon, Aug 3
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 have declined 0.5%. In May, Retail Sales rose by 1.2% (revised from 1.1%)
Mon, Aug 3
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 encouraging domestic economic indicators.
Mon, Aug 3
Japanese Yen jumps as US-Japan confirm joint intervention, hint further action
The USD/JPY pair tumbles to near 156.45 during the early European trading hours on Monday. The Japanese Yen (JPY) climbs amid speculation that Japanese authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.
Mon, Aug 3
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 three weeks.
Mon, Aug 3
Asian stocks trade mixed as AI-led selloff and Yen rally counter Iran optimism
Asian shares were mixed at the start of a new week as losses in South Korea's KOSPI and Japan's Nikkei 225 counter improving risk sentiment due to easing Middle East tensions.
Mon, Aug 3
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-period Exponential Moving Averages (EMAs).
Mon, Aug 3
Solana Price Forecast: SOL risks a steeper decline below $70 despite steady ETF inflows
Solana (SOL) is trading in the red on Monday, losing bullish momentum and remaining capped below its 50-day Exponential Moving Average (EMA) at $75.68.
Mon, Aug 3
Cardano Price Forecast: Whale buying, derivatives metrics fuel ADA rally
Cardano (ADA) is trading around $0.187 on Monday after surging more than 14% last week and breaking above a key ascending trendline. The price recovery is supported by signs of whale accumulation and strengthening derivatives metrics, suggesting further upside for ADA.
Mon, Aug 3
EUR/USD Price Forecast: Gains traction above 1.1500, while remaining constrained below 100-day SMA
The EUR/USD pair trades in positive territory near 1.1535 during the early European trading hours on Monday, bolstered by improved risk sentiment.
Mon, Aug 3
Gold holds above $4,050 as easing inflation fears curb Fed hike bets; USD bounce caps gains
Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark through the Asian session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17 and turns out to be a key factor acting as a headwind for the commodity.
Mon, Aug 3
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Mon, Aug 3
Crypto Overview: Bitcoin weakens amid Coldcard hack – ALGO, ENA sustain gains
Bitcoin (BTC) price edges lower on Monday, sliding toward $63,000 as bearish momentum resurfaces. The broader crypto market sentiment is mixed, with around 1,300 BTC stolen in the Coldcard wallet hack and the US President Donald Trump canceling strikes on Iran.
Mon, Aug 3
Silver Price Forecast: XAG/USD rises above $58.00 on renewed US-Iran peace talks
Silver price (XAG/USD) rises after registering modest gains in the previous day, trading around $58.20 per troy ounce during the Asian hours on Monday.
Mon, Aug 3
WTI Price Forecast: More pain likely if fails to hold $77
West Texas Intermediate (WTI), futures on NYMEX, holds onto early losses, trading 7.6% lower at around $78.60 during the Asian trading session on Monday.
Mon, Aug 3
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) steadied on Monday after falling over 2.8%, 3.55% and 2.35%, respectively, the previous week. BTC trades below the key resistance level, ETH consolidates between the 50-day and 100-day Exponential Moving Averages (EMAs).
Mon, Aug 3
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 risk sentiment.
Mon, Aug 3
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% for the day amid mixed fundamental cues.
Mon, Aug 3
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.
Mon, Aug 3
