EUR/USD
EUR/USD edges higher after registering little gains in the previous session, trading around 1.1520 during the Asian hours on Monday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.
GBP/USD
GBP/USD depreciates after registering modest gains in the previous session, trading around 1.3300 during the Asian hours on Monday. The pair weakens as the US Dollar (USD) gains on safe-haven demand amid escalating Iran war with no clear resolution in sight.
USD/JPY
USD/JPY extends its winning streak for the third successive session, trading around 158.60 during the Asian hours on Monday. The pair rises as the US Dollar (USD) gains on safe-haven demand. The Iran war has entered its second week with no clear resolution in sight.
AUD/USD
The Australian Dollar (AUD) trades 0.65% lower to near 0.6985 against the US Dollar (USD) during the Asian trading session on Monday. The AUD/USD pair faces intense selling pressure as risky assets are facing the heat of boiling oil prices, escalating war in the Middle East that involves the United States (US), Israel, and Iran.
NZD/USD
The NZD/USD pair faces some selling pressure to near 0.5865 during the early Asian session on Monday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as the US-Israeli war with Iran shows no sign of resolution, boosting safe-haven demand.
USD/CAD
The USD/CAD pair rebounds from the vicinity of mid-1.3500s, or a nearly one-month low touched during the Asian session on Monday, though it lacks follow-through buying. Spot prices struggle to build on the bounce beyond the 1.3600 mark amid mixed fundamental cues, which warrants some caution for bullish traders.
USD/CHF
USD/CHF has recovered its recent losses from the previous session, trading around 0.7820 during the Asian hours on Monday. The pair appreciates as the Greenback benefits from its “twin status as a safe-haven and energy exporter.
CRUDE OIL
Oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.
Gold (XAU/USD) attracts heavy selling at the start of a new week and drops to a four-day low during the Asian session, though it finds some support ahead of the $5,000 psychological mark. An intraday surge of over 25% in Crude Oil prices fueled inflation concerns and further dimmed the prospects for near‑term rate reductions by the US Federal Reserve (Fed). This offsets Friday’s dismal US Nonfarm Payrolls (NFP) report and lifts the US Dollar (USD) to a fresh high since November 2025, which, in turn, is seen as a key factor weighing on the non-yielding bullion.
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