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FOREX-Dollar cuts losses, after Trump tones down tough talk on trade
Trump's Truth Social message reassures tradersCrypto markets unsteady after weekend volatilityGold at fresh record highsBy Gregor Stuart Hunter and Amanda Cooper SINGAPORE/LONDON, Oct 13 (Reuters) - The dollar clawed steadily higher on Monday, as investors hoped the U.S. would temper its late...
Reuters
Mon, Oct 13
EUR/JPY Price Forecast: Holds gains near 176.50 due to persistent bullish bias
EUR/JPY gains ground after two days of losses, trading around 176.50 during the European hours on Monday. The technical analysis of the daily chart indicates a prevailing bullish bias as the currency cross remains within the ascending channel pattern.
EUR/JPY
Fxstreet
Mon, Oct 13
GBP/JPY Price Forecast: On recovery, aiming for the 203.50 resistance area
Pound’s reversal against the Yen found support near the 38.2% Fibonacci retracement, right below the 202.00 line, and is trading higher again on Monday. The pair has regained the 203.00 level and is approaching the 203.50 area, where it might find significant resistance.
GBP/JPY
Fxstreet
Mon, Oct 13
Iron ore gains as upbeat data outweighs renewed Sino-US trade tension
By Amy Lv and Lewis Jackson BEIJING, Oct 13 (Reuters) - Iron ore futures gained on Monday as robust steel export in top consumer China, along with lower ore shipments, outweighed concerns over renewed Sino-U.S. trade tensions. The benchmark November iron ore SZZFX5 on the Singapore Exchange a...
Reuters
Mon, Oct 13
NZD/USD Price Forecast: Remains below 0.5750 near nine-day EMA
NZD/USD extends its losses for the fifth successive session, trading around 0.5740 during the early European hours on Monday. The daily chart’s technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.
NZD/USD
Fxstreet
Mon, Oct 13
South Korea in talks with US on various ways to set up FX swap, minister says
SEOUL, Oct 13 (Reuters) - South Korea is discussing with the U.S. various ways to set up a bilateral foreign exchange swap line as part of a trade deal over concerns about how proposed U.S. investments could skew the local currency market, the country's finance minister said. Minister Koo Yun-ch...
Reuters
Mon, Oct 13
EUR/USD holds previous gains as trade fears weigh on the US Dollar
EUR/USD stands comfortably above 1.1600, trading at 1.1615 at the time of writing on Monday, as the latest trade rift between the US and China has hurt the US Dollar, and the US federal government remains closed with little prospects of an upcoming solution.The US Dollar dropped on Friday after US P
EUR/USD
Fxstreet
Mon, Oct 13
USD/CHF wobbles above 0.8000 with trade fears looming
The US Dollar is hesitating right above the 0.8000 line against the Swiss Franc on Monday, with investors wary that the trade rift between the US and China might lead to a full-blown trade war.US President Trump soothed investors on Sunday by easing his tone against China in a social media post that
USD/CHF
Fxstreet
Mon, Oct 13
Forex Today: Trump's renewed tariff threats weigh on USD, lift Gold
Here is what you need to know on Monday, October 13:
Fxstreet
Mon, Oct 13
Sterling gets a lift as nerves over US-China tariffs recede
By Amanda Cooper LONDON, Oct 13 (Reuters) - The pound rose on Monday, getting a tailwind from a degree of relief that U.S. President Donald Trump may not make good on his threat last week to hit Chinese goods with 100% tariffs, which gave risk-linked assets a boost.In a lengthy post on his Truth ...
Reuters
Mon, Oct 13
USD/CAD softens to near 1.4000 as job data reduces BoC rate cut bets
The USD/CAD pair loses ground near 1.4000 during the early European session on Monday. The Canadian Dollar (CAD) edges higher against the US Dollar (USD) as the upbeat Canadian employment data reduced bets on another Bank of Canada (BoC) interest rate cut this month.
USD/CAD
Fxstreet
Mon, Oct 13
South Korea in talks with US on various ways to set up FX swap, minister says
SEOUL, Oct 13 (Reuters) - South Korea is discussing with the U.S. various ways to set up a bilateral foreign exchange swap line as part of a trade deal to contain the impact of proposed U.S. investments on the domestic currency market, the country's finance minister said on Monday. Minister Koo ...
Reuters
Mon, Oct 13
FOREX-Dollar stumbles after Trump tones down tough talk on trade
Trump's Truth Social message reassures tradersCrypto markets unsteady after weekend volatilityGold at fresh record highsBy Gregor Stuart Hunter SINGAPORE, Oct 13 (Reuters) - The U.S. dollar remained under pressure on Monday as investors hoped Washington would temper its latest escalation of t...
Reuters
Mon, Oct 13
WRAPUP 3-China's exports top forecast but fresh US trade spat raises risks to outlook
China's export growth tops forecast, driven by non-U.S. marketsMarkets worry about renewed China-U.S. trade tensionsChina expands export curbs on rare earths, prompting fresh Trump threats China's trade surplus declines; domestic demand remains weakBy Joe Cash and Ellen Zhang BEIJING, Oct...
Reuters
Mon, Oct 13
Silver Price Forecast: XAG/USD reaches new record highs above $51.50
Silver price (XAG/USD) extends its winning streak for the fourth successive session, reaching its all-time high of $51.69 during the Asian hours on Monday. The non-interest-bearing Silver receives support from the increased likelihood of the US Federal Reserve (Fed) further rate cuts by year-end.
Silver
Fxstreet
Mon, Oct 13
GBP/USD Price Forecast: Trades with positive bias above mid-1.3300s, around 38.2% Fibo. level
The GBP/USD pair gains some positive traction for the second consecutive day on Monday as dovish Federal Reserve (Fed) bets, and the risk-on impulse keep the safe-haven US Dollar (USD) depressed.
GBP/USD
Fxstreet
Mon, Oct 13
EUR/USD Price Forecast: Keep bullish vibe above 1.1600, political turmoil in France might cap gains
The EUR/USD pair posts modest losses near 1.1620 during the early European session on Monday. Markets hope for a compromise in the United States (US)-China trade war, which supports the US Dollar (USD) against the Euro (EUR).
EUR/USD
Fxstreet
Mon, Oct 13
Japanese Yen weakens amid risk-on mood, political uncertainty
The Japanese Yen (JPY) kicks off the new week on a downbeat note in reaction to US President Donald Trump's pivot on China tariffs.
USD/JPY
Fxstreet
Mon, Oct 13
USD/INR inches lower due to potential market intervention by RBI
The Indian Rupee (INR) remains steady against the US Dollar (USD) on Monday, after registering losses in the previous session. The USD/INR pair hovers around 88.70 during the Asian hours, with the Reserve Bank of India’s (RBI) frequent interventions preventing the INR from breaching its record low o
Fxstreet
Mon, Oct 13
China's yuan inches higher as firmer fix tempers renewed US-China trade tensions
SHANGHAI, Oct 13 (Reuters) - China's yuan edged higher against the dollar on Monday, paring sharp losses in the prior session, as a stronger midpoint guidance rate cushioned the impact of renewed trade tensions between Beijing and Washington.
Reuters
Mon, Oct 13
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