Alone in studio, Merlin looks to answer several listener questions covering a wide variety of currencies and commodities. Merlin focuses on the Euro, and offers some insights as to what to expect from the ECB press conference on Thursday. He also looks at gold and the potential to jump on the momentum.
Editors’ Picks
EUR/USD rises to near 1.0850 ahead of PMI data from both economies
EUR/USD pauses its three-day decline, trading around 1.0840 during Asian hours on Monday. The pair gains as concerns over a US economic slowdown, driven by trade policies under President Donald Trump, weigh on the US Dollar.
GBP/USD trades with positive bias around 1.2930 amid modest USD weakness
GBP/USD gains some positive traction on Monday amid the emergence of fresh USD selling. The divergent Fed-BoE outlook and the recent breakout above the 200-day SMA favor bulls. Traders look to flash UK/US PMIs for some impetus ahead of BoE Governor Bailey’s speech.
USD/JPY trades with positive bias above the mid-149.00s; upside seems limited
USD/JPY climbs back above mid-149.00s during the Asian session on Monday amid a generally positive risk tone. The divergent BoJ-Fed policy expectations should help limit JPY losses and cap the pair amid the emergence of some USD selling. Traders now look forward to the release of flash global PMIs for a fresh impetus.
Editors’ Picks
AUD/USD gains momentum above 0.6250 on RBA’s cautious tone, China support
The AUD/USD pair gains momentum to near 0.6280 during the early Asian session on Monday. The Australian Dollar edges higher as the Reserve Bank of Australia keeps interest rates high and the Australian economy benefits from expected Chinese stimulus.
USD/JPY trades with positive bias above the mid-149.00s; upside seems limited
USD/JPY climbs back above mid-149.00s during the Asian session on Monday amid a generally positive risk tone. The divergent BoJ-Fed policy expectations should help limit JPY losses and cap the pair amid the emergence of some USD selling. Traders now look forward to the release of flash global PMIs for a fresh impetus.
Gold holds below $3,050 amid hopes for Ukraine peace deal
Gold price extends the decline to around $3,025 during the early Asian session on Monday. The precious metal edges lower after reaching an all-time high on Thursday amid hopes for a Ukraine peace deal.
Week ahead: Flash PMIs, US and UK inflation eyed as tariff war rumbles on
US PCE inflation up next, but will consumption data matter more? UK budget and CPI in focus after hawkish BoE decision. Euro turns to flash PMIs for bounce as rally runs out of steam. Inflation numbers out of Tokyo and Australia also on the agenda.
Week ahead – Flash PMIs, US and UK inflation eyed as tariff war rumbles on
US PCE inflation up next, but will consumption data matter more? UK budget and CPI in focus after hawkish BoE decision. Euro turns to flash PMIs for bounce as rally runs out of steam. Inflation numbers out of Tokyo and Australia also on the agenda.
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