ไทม์ไลน์ข่าวสาร forex

09:02 Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.90 per barrel, up from Friday’s close at $60.30.

09:00 Russia S&P Global Manufacturing PMI rose from previous 49.3 to 50.2 in May
Russia S&P Global Manufacturing PMI rose from previous 49.3 to 50.2 in May

09:00 United Kingdom Nationwide Housing Prices n.s.a (YoY) up to 3.5% in May from previous 3.4%
United Kingdom Nationwide Housing Prices n.s.a (YoY) up to 3.5% in May from previous 3.4%

09:00 United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.5%, above expectations (0.1%) in May
United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.5%, above expectations (0.1%) in May

08:53 EUR/USD Price Forecast: Next upside barrier emerges near 1.1450
The EUR/USD pair attracts some buyers to around 1.1370 during the early European session on Monday. The US Dollar (USD) weakens against the Euro (EUR) amid the renewed trade war tensions.

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The positive view of the pair prevails above the key 100-day EMA with the bullish RSI indicator. The first upside barrier is seen at 1.1445; the initial support level is located at 1.1283.The EUR/USD pair attracts some buyers to around 1.1370 during the early European session on Monday. The US Dollar (USD) weakens against the Euro (EUR) amid the renewed trade war tensions. US President Donald Trump said on Friday that he planned to double import tariffs on steel and aluminum to build up pressure on global steel producers and intensify the trade war. According to the daily chart, the bullish outlook of EUR/USD remains intact, characterized by the price holding above the key 100-day Exponential Moving Average (EMA). The upward momentum is supported by the 14-day Relative Strength Index (RSI), which stands above the midline near 57.25, suggesting the path of least resistance is to the upside. The immediate resistance level emerges at 1.1445, the upper boundary of the Bollinger Band. Further north, the next hurdle is located at 1.1574, the high of April 21, followed by the 1.1600 psychological mark. The low of May 28 at 1.1283 acts as an initial support level for a major pair. The next downside target to watch is 1.1110, the lower limit of the Bollinger Band. A breach of this level could see a drop to the key contention level at 1.1000, representing the round figure and the 100-day EMA. EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

EUR/USD daily chart

08:41 Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.4% in May
Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.4% in May

08:12 Silver Price Forecast: XAG/USD holds steady above $33.00 mark, seems poised to climb further
Silver (XAG/USD) edges higher at the start of a new week and retakes the $33.00 mark during the Asian session, reversing a part of Friday's losses. The intraday uptick, however, lacks bullish conviction, warranting some caution before positioning for any meaningful appreciating move.

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The intraday uptick, however, lacks bullish conviction, warranting some caution before positioning for any meaningful appreciating move. Looking at the broader picture, the XAG/USD has been oscillating in a familiar range over the past two weeks or so, forming a rectangle on short-term charts. Against the backdrop of the recent breakout through a descending channel, this might still be categorized as a bullish consolidation phase. Moreover, slightly positive technical indicators on the daily chart – though they have been struggling to gain any meaningful traction – back the case for an eventual breakout to the upside. In the meantime, any subsequent move higher might continue to face strong resistance near the $33.50 supply zone. A sustained strength beyond will reaffirm the constructive outlook and lift the XAG/USD beyond the $33.65-70 hurdle, or the highest level since early April touched last Thursday, towards the $34.00 round-figure mark. The momentum could extend further and allow the white metal to retest the year-to-date high, around the $34.55-$34.60 zone touched in March.On the flip side, the $32.75-32.70 area, or the lower boundary of the aforementioned trading range, should continue to offer immediate support to the XAG/USD. A convincing break below might expose the 100-day Simple Moving Average (SMA) support, currently pegged just above the $32.00 mark. Some follow-through selling could drag the commodity further toward the $31.40 support, which if broken decisively might shift the near-term bias in favor of bearish traders. Silver daily chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

08:01 Netherlands, The Nevi Manufacturing PMI: 49 (May) vs previous 49.2
Netherlands, The Nevi Manufacturing PMI: 49 (May) vs previous 49.2

08:00 Japan's Ishiba: We have no intention to compromise on US tariffs
Japan’s Prime Minister Shigeru Ishiba said on Monday that Japan reaffirmed that it was not backing down in wanting tariffs to be reduced.

07:41 Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May
Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May

07:40 WTI climbs to near $62.00 amid renewed trade tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Monday. The WTI price jumps due to ongoing tariff uncertainty and the persistent geopolitical tensions in the Middle East.

07:39 USD/CAD falls to near 1.3700 as traders expect BoC to keep rates steady in June
USD/CAD extends its losses for the second successive session, trading around 1.3720 during the Asian hours on Monday.

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The Canadian Dollar (CAD) continues to gain ground against the US Dollar (USD) following stronger-than-expected Gross Domestic Product (GDP) Annualized reinforced odds of the Bank of Canada (BoC) holding interest rates steady at its meeting on Wednesday.Canada’s economy grew at an annualized rate of 2.2% in the first quarter, surpassing the expected 1.7% growth, driven by a front-loading of exports and business inventories amid rising potential of US tariffs.Additionally, the rise in crude Oil prices provide support for the commodity-linked CAD, given that Canada is the largest Oil exporter to the United States (US). West Texas Intermediate (WTI) Oil price rises to near $62.00 per barrel at the time of writing. The Oil producer group OPEC+, the Organization of the Petroleum Exporting Countries and its allies, decided to increase output by 411,000 barrels per day (bpd) in July by the same amount for the third successive month. The move came as a relief to markets expecting a larger increase.The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is holding ground near 99.30 at the time of writing. US ISM Manufacturing Purchasing Managers' Index (PMI) for May will be eyed later in the North American session.On Friday, US President Donald Trump noted at a rally in Pennsylvania that he planned to increase import tariffs on steel and aluminum, which may put pressure on global steel producers and intensify the trade war. "We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% - the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," he said, per Reuters. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

07:34 Gold price holds steady above $3,200 amid a combination of supporting factors
Gold price (XAU/USD) regains positive traction at the start of a new week and climbs beyond the $3,300 mark during the Asian session, reversing a major part of Friday's losses.

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Gold price (XAU/USD) regains positive traction at the start of a new week and climbs beyond the $3,300 mark during the Asian session, reversing a major part of Friday's losses. The Personal Consumption Expenditures (PCE) Price Index released on Friday further pointed to signs easing inflationary pressures in the US and bolstered the case for more rate cuts by the Federal Reserve (Fed). This, in turn, is seen weighing on the US Dollar (USD) and acting as a tailwind for the non-yielding yellow metal.Meanwhile, geopolitical risks stemming from the protracted Russia-Ukraine war and conflicts in the Middle East, along with renewed US-China trade tensions, temper investors' appetite for riskier assets. This is evident from a generally weaker tone around the equity markets, which turns out to be another factor that benefits the safe-haven Gold price. However, the lack of strong follow-through buying warrants caution for the XAU/USD bulls ahead of this week's US macro releases scheduled at the start of a new month.Daily Digest Market Movers: Gold price draws support from renewed USD selling and reviving safe-haven demandThe US Bureau of Economic Analysis reported on Friday that the Personal Consumption Expenditures (PCE) Price Index cooled to the 2.1% YoY rate in April, or the lowest since February 2021. Meanwhile, the core PCE Price Index, which excludes volatile food and energy prices, came in at 2.5%, down from the 2.7% increase registered in March.Traders continued to bet that the Federal Reserve will lower borrowing costs in September and are pricing in the possibility of another rate cut in December. Fed Governor Christopher Waller said on Monday that rate cuts remain possible later this year even with the Trump administration's tariffs likely to push up price pressures temporarily.Investors now await speeches from several FOMC members this week, including Fed Chair Jerome Powell's appearance later this Monday, for cues on the monetary policy outlook. This will play a key role in influencing the near-term US Dollar price dynamics and determining the next leg of a directional move for the non-yielding Gold price.Ukraine ramped up the war with one of the biggest drones attracted to Russia ahead of the second round of direct peace talks in Istanbul later today. Ukraine conducted major drone strikes against Russian military airfields across five regions on Sunday and hit over 40 Russian military aircraft, which included nuclear-capable long-range bombers.Israel strongly denied its involvement in the deadly incident that claimed at least 30 Palestinian lives and accused Hamas of firing on hungry civilians gathered to receive humanitarian aid in southern Gaza. This comes amid a flurry of conflicting reports and keeps geopolitical risks in play, further lending support to the safe-haven XAU/USD.Traders now look forward to important US macro releases scheduled at the beginning of a new month, starting with the ISM Manufacturing PMI on Monday. Apart from this, Fed Chair Jerome Powell's speech might influence the USD price dynamics and contribute to producing short-term trading opportunities around the commodity. Gold price needs to surpass the $3,326-3,328 hurdle to back prospects for any further appreciating moveFrom a technical perspective, the XAU/USD pair is likely to confront a stiff barrier near the $3,326-3,328 supply zone. Against the backdrop of last week's bounce from the 200-period Exponential Moving Average (EMA) pivotal support on the 4-hour chart, a sustained strength beyond will be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price to the $3,345-3,350 intermediate resistance, above which the Gold price could aim to reclaim the $3,400 mark. The momentum could extend further towards the next relevant barrier near the $3,432-3,434 region.On the flip side, weakness below the $3,300 round figure could find some support near the $3,280-3,278 zone. Any further slide could be seen as a buying opportunity and remain limited near the $3,258-3,257 region. The latter represents the 200-period EMA on the 4-hour chart, which if broken decisively could make the Gold price vulnerable to accelerate the fall further towards the $3,200 mark. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

07:34 India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.

.fxs-related-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-related-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}.fxs-related-module-related-link a{text-decoration:none;color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px}.fxs-related-module-related-link a:hover,.fxs-related-module-related-link:hover,.fxs-related-module-related-link:hover a{color:#e4871b}.fxs-related-module-related-link a:hover{text-decoration:none}@media (min-width:680px){.fxs-related-module-title{font-size:19.2px;line-height:27.2px}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}} .fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,105.56 Indian Rupees (INR) per gram, up compared with the INR 9,036.34 it cost on Friday. The price for Gold increased to INR 106,203.20 per tola from INR 105,398.10 per tola on friday. Unit measure Gold Price in INR 1 Gram 9,105.56 10 Grams 91,055.02 Tola 106,203.20 Troy Ounce 283,219.80 2025 Gold Forecast Guide [PDF] Download your free copy of the 2025 Gold Forecast FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.)

07:31 Netherlands, The Retail Sales (YoY): 5.3% (April) vs 1.8%
Netherlands, The Retail Sales (YoY): 5.3% (April) vs 1.8%

07:31 Indonesia Inflation (MoM) came in at -0.37%, below expectations (-0.01%) in May
Indonesia Inflation (MoM) came in at -0.37%, below expectations (-0.01%) in May

07:14 Indonesia Trade Balance came in at $0.15B below forecasts ($2.5B) in April
Indonesia Trade Balance came in at $0.15B below forecasts ($2.5B) in April

07:14 Indonesia Imports came in at 21.84%, above forecasts (6.79%) in April
Indonesia Imports came in at 21.84%, above forecasts (6.79%) in April

07:06 Indonesia Exports registered at 5.76% above expectations (5.75%) in April
Indonesia Exports registered at 5.76% above expectations (5.75%) in April

06:38 NZD/USD advances to near 0.6000 due to rising Trump tariff tensions
NZD/USD appreciated by more than 0.50%, trading around 0.6000 during the Asian hours on Monday. The pair rises as the US Dollar (USD) remains softer amid increasing concerns regarding slow growth and renewed inflation in the United States (US).

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The pair rises as the US Dollar (USD) remains softer amid increasing concerns regarding slow growth and renewed inflation in the United States (US).On Friday, President Trump said at a rally in Pennsylvania that he planned to double import tariffs on steel and aluminum to build up pressure on global steel producers and intensify trade war. "We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% - the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," he said, per Reuters.Additionally, the US Court of Appeals for the Federal Circuit in Washington, on Thursday, temporarily allowed President Trump's tariffs to take effect. The decision has reversed a Wednesday’s judgement made by a three-judge panel at the Court of International Trade in Manhattan to halt Trump from imposing "Liberation Day" tariffs from taking effect. The federal court found that Trump exceeded his authority in imposing broad import tariffs and declared the executive orders issued on April 2 unlawful.The Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that interest rates are now within the neutral 2.5%–3.5% band after reducing Official Cash Rate (OCR) by 25 basis points last week. Silk also noted that full effects of past rate cuts still remains to be felt in the domestic economy. Further policy decision will be data dependent, she added. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

05:56 Australian Dollar rises on US economic concerns amid Trump’s new tariff threats
The Australian Dollar (AUD) appreciated against the US Dollar (USD) by over 0.50% on Monday. The AUD/USD pair rises as the Greenback may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).

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The AUD/USD pair rises as the Greenback may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US). US President Donald Trump threatened to double import tariffs on steel and aluminum, increasing them to 50% from 25%. ANZ Job Advertisements declined by 1.2% in May, following a revised 0.3% fall in the previous month. The Australian job ads drop for the second consecutive month. Moreover, S&P Global Manufacturing Purchasing Managers’ Index (PMI) declined to 51.0 in May from 51.7 prior, dropping for the second straight month to the lowest level since February.The AUD holds ground following the mixed Chinese Manufacturing Purchasing Managers’ Index (PMI) data released on Saturday. The National Bureau of Statistics (NBS) showed that China’s Manufacturing PMI rose to 49.5 in May, from April’s 49.0 reading. Meanwhile, the Non-Manufacturing PMI declined to 50.3 from the previous 50.4 figure, falling short of the expected reading of 50.6. The Aussie Dollar could be impacted by Chinese economic data as both countries are close trading partners.Australian Dollar advances amid rising concerns over US growth, inflation The US Dollar Index (DXY), which measures the value of the Greenback against six major currencies, is holding ground near 99.50 at the time of writing. Traders seek fresh cues from the release of the US May ISM Manufacturing Purchasing Managers' Index (PMI), which is due later in the North American session.US President Donald Trump said at a rally in Pennsylvania on Friday that he planned to double import tariffs on steel and aluminum to build up pressure on global steel producers and intensify the trade war. "We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% - the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," he said, per Reuters.A three-judge panel at the Court of International Trade in Manhattan halted US President Donald Trump from imposing "Liberation Day" tariffs from taking effect. The federal court found that Trump exceeded his authority in imposing broad import tariffs and declared the executive orders issued on April 2 unlawful. However, the US Court of Appeals for the Federal Circuit in Washington, on Thursday, temporarily allowed Trump's tariffs to take effect.Federal Open Market Committee's (FOMC) Minutes for the latest policy meeting, released on Wednesday, indicated that Federal Reserve (Fed) officials broadly agreed that heightened economic uncertainty justified their patient approach to interest-rate adjustments. Fed officials emphasized the need to keep interest rates unchanged for some time, as recent policy shifts cloud the US economic outlook.Securities Times in China reports that analysts believe that the People’s Bank of China (PBoC) may boost Pledged Supplementary Lending (PSL). This move would provide low-cost, long-term funding to policy banks, which in turn support government-prioritized sectors, such as housing, urban redevelopment, and major infrastructure projects.Australia’s seasonally adjusted Retail Sales declined by 0.1% month-over-month in April, against the expectations of remaining consistent at 0.3% growth. Meanwhile, the monthly Building Permits fell by 5.7%, against the expected increase of 3.1%.The Reserve Bank of Australia (RBA) is expected to deliver more rate cuts in the upcoming policy meetings. The central bank acknowledged progress in curbing inflation and warned that US-China trade barriers pose downside risks to economic growth. Governor Michele Bullock stated that the RBA is prepared to take additional action if the economic outlook deteriorates sharply, raising the prospect of future rate cuts.Australian Dollar rebounds from 0.6450 support near nine-day EMA AUD/USD is trading around 0.6460 on Monday, indicating a strengthening bullish bias. The technical analysis of the daily chart suggests that the pair is stepping up within the ascending channel pattern. The short-term price momentum strengthens as the pair moves above the nine-day Exponential Moving Average (EMA). Additionally, the 14-day Relative Strength Index (RSI) is rising above the 50 mark, suggesting a persistent bullish bias.The AUD/USD pair could target the initial barrier at 0.6537, a seven-month high recorded on May 26. A break above this crucial resistance zone could reinforce the bullish bias and support the pair to explore the region around the upper boundary of the ascending channel around 0.6650.On the downside, the immediate support appears at the nine-day EMA of 0.6445, aligned with the ascending channel’s lower boundary around 0.6440. A break below this crucial support zone could weaken the bullish bias and lead the AUD/USD pair to test the 50-day EMA at 0.6388.AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.14% -0.15% -0.23% -0.14% -0.34% -0.62% -0.11% EUR 0.14% -0.03% -0.08% -0.02% -0.20% -0.51% 0.02% GBP 0.15% 0.03% -0.04% 0.00% -0.17% -0.49% 0.05% JPY 0.23% 0.08% 0.04% 0.06% -0.14% -0.43% 0.01% CAD 0.14% 0.02% -0.01% -0.06% -0.19% -0.49% 0.04% AUD 0.34% 0.20% 0.17% 0.14% 0.19% -0.25% 0.31% NZD 0.62% 0.51% 0.49% 0.43% 0.49% 0.25% 0.54% CHF 0.11% -0.02% -0.05% -0.01% -0.04% -0.31% -0.54% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

05:45 Japanese Yen bulls retain control amid hawkish BoJ expectations, safe-haven buying
The Japanese Yen (JPY) remains on the front foot against its American counterpart for the third consecutive day on Monday and seems poised to strengthen further amid a combination of supporting factors.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Japanese Yen scales higher against a weaker USD for the third straight day on Monday.The divergent BoJ-Fed policy expectations and reviving safe-haven demand benefited the JPY.Hopes for a US-Japan trade deal further support the JPY and weigh on the USD/JPY pair. The Japanese Yen (JPY) remains on the front foot against its American counterpart for the third consecutive day on Monday and seems poised to strengthen further amid a combination of supporting factors. The Tokyo Consumer Price Index (CPI) released on Friday indicated that core inflation accelerated more than expected in May and reaffirmed bets that the Bank of Japan (BoJ) will continue raising interest rates. Furthermore, persistent trade-related uncertainties and geopolitical risks turn out to be key factors underpinning the safe-haven JPY. Meanwhile, comments from Japan’s top trade negotiator Ryosei Akazawa suggested progress in trade talks with the US and fueled hopes for an imminent deal as early as this month, which, in turn, lends additional support to the JPY. The US Dollar (USD), on the other hand, attracts fresh sellers on the back of the growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further amid signs of easing inflation. This further benefits the lower-yielding JPY and drags the USD/JPY pair below mid-143.00s during the Asian session. Japanese Yen is underpinned by a combination of supporting factors; seems poised to appreciate furtherThe Tokyo Consumer Price Index (CPI) has exceeded the Bank of Japan's 2% target for three straight years and pointed to sticky food inflation on Friday. This could add pressure on the BoJ to hike interest rates again, which continues to underpin demand for the Japanese Yen.,Japan’s top trade negotiator Ryosei Akazawa said the latest round of discussions with the Trump administration on tariffs have put them on track toward a trade deal as early as this month. Akazawa added that the two sides will meet again before the Group of Seven leaders’ summit. US President Donald Trump said on Friday that he is going to double tariffs on steel imports from 25% to 50%. Earlier Trump lashed out at China, saying that China had violated its trade deal with the US. The escalation comes after a federal appeals court reinstated Trump's tariffs.Ukraine on Sunday launched one of its largest drone attacks on Russia, striking five air bases deep inside Russian territory and destroying more than 40 planes. Meanwhile, Russia pounded Ukraine with missiles and drones just hours before a new round of direct peace talks in Istanbul.Israel continued its relentless bombardment of the Gaza Strip, while Yemen’s Houthi rebels claimed responsibility for a ballistic missile attack, which was intercepted, on Ben Gurion Airport near Tel Aviv. This keeps geopolitical risks in play and benefits the safe-haven JPY. Meanwhile, the US Personal Consumption Expenditure (PCE) Price Index cooled to a 2.1% YoY rate in April from 2.3% in the previous month. Moreover, the core PCE Price Index, which excludes volatile food and energy prices, rose 2.5% compared to 2.7% in March. The data reaffirmed expectations that the Fed will cut its target for short-term borrowing costs in September. Traders are also pricing in the possibility of a second rate cut in December. This prompts fresh US Dollar selling and further exerts pressure on the USD/JPY pair. Investors now look forward to this week's important US macro releases scheduled at the beginning of a new month, starting with the ISM Manufacturing PMI later this Monday. Apart from this, Fed Chair Jerome Powell's appearance will be looked upon for short-term impetuses.USD/JPY could extend the downward trajectory further below the 143.00 mark amid a bearish technical setup Last week's failure near the 61.8% Fibonacci retracement level of the recent downfall from the monthly peak and a subsequent fall below the 200-period Simple Moving Average (SMA) on the 4-hour chart favors the USD/JPY bears. This, along with negative oscillators on daily/hourly charts, suggests that the path of least resistance for spot prices remains to the downside and supports prospects for deeper losses. Hence, some follow-through weakness towards the 143.00 mark, en route to the next relevant support near the 142.40 area, looks like a distinct possibility. The pair could eventually drop to the 142.10 area, or the monthly low touched last Tuesday.On the flip side, the 200-period SMA on the 4-hour chart, currently pegged just ahead of the 144.00 round figure, might now act as an immediate strong barrier. This is closely followed by the 144.25-144.30 supply zone, above which the USD/JPY pair could aim to reclaim the 145.00 psychological mark. A sustained strength beyond the latter should pave the way for a move towards the 145.65 horizontal zone en route to the 146.00 round figure and the 146.25-146.30 region, or a two-week top touched last Thursday. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

05:36 USD/INR gains momentum on RBI rate cut bets
The Indian Rupee (INR) extends the decline on Monday. A rise in crude oil prices drags the Indian currency lower. It’s worth noting that India is the world's third-largest oil consumer, and higher crude oil prices tend to have a negative impact on the INR value.

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The Indian Rupee trades in negative territory for the fifth consecutive day. However, the USD/INR pair remains capped below the key 100-day Exponential Moving Average (EMA) on the daily timeframe, indicating that the path of least resistance is to the downside. In the near term, further consolidation cannot be ruled out, with the 14-day Relative Strength Index (RSI) hovering around the midline.USD/INR seems to be finding initial support at 84.78, the low of May 26. A break below the mentioned level could set off a drop toward 84.61, the low of May 12. The next bearish target to watch is 84.00, the psychological level and the lower limit of the trend channel.On the other hand, the key resistance level for the pair emerges in the 85.55-85.65 zone, representing the 100-day EMA and the upper boundary of the trend channel. Any follow-through buying could see a rally to 86.10, the high of May 22. Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

04:31 Australia ANZ Job Advertisements: -1.2% (May) vs previous 0.5%
Australia ANZ Job Advertisements: -1.2% (May) vs previous 0.5%

04:30 EUR/USD rises toward 1.1400 as Trump threatens to double import tariffs on steel, aluminum
EUR/USD retraces its recent losses registered in the previous session, trading around 1.1370 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles as the US Court of Appeals, on Thursday, ruling allowing US President Donald Trump's tariffs to take effect.

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The pair appreciates as the US Dollar (USD) struggles as the US Court of Appeals, on Thursday, ruling allowing US President Donald Trump's tariffs to take effect.On Wednesday, a three-judge panel at the Court of International Trade in Manhattan said that Trump exceeded his authority in imposing broad import tariffs and declared the executive orders issued on April 2 unlawful.On Friday, President Trump said at a rally in Pennsylvania that he planned to double import tariffs on steel and aluminum to build up pressure on global steel producers and intensify trade war. "We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% - the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States," he said, per Reuters.On Saturday, The European Commission (EC) warned that Europe was all set to hit back President Trump's plan to double tariffs on imported steel and aluminum, escalating the trade fight between two of the world's largest economic powers.Earlier, President Trump delayed the tariff deadline on imports from the EU from June 1 to July 9. Meanwhile, the Brussels also agreed to accelerate trade talks with the United States to avoid a transatlantic trade war.Last week, European Central Bank (ECB) Governing Council member Klaas Knot said that the current European inflation outlook is murky, challenging the central bank to engage in direct moves. ECB policymaker François Villeroy de Galhau noted that the “policy normalization in the Euro area is probably not complete.” Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

04:12 Ukraine launches major drone attack on Russian bombers
Ukraine has carried out a “large-scale” drone attack against Russian military bombers in Siberia, striking more than 40 warplanes thousands of miles from its territory, a security official said early Monday.

04:05 GBP/USD moves back closer to 1.3500 mark amid broadly weaker USD
The GBP/USD pair regains positive traction at the start of a new week amid renewed US Dollar (USD) selling, though it remains below the 1.3500 psychological mark during the Asian session.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}GBP/USD kicks off the new week on a positive note amid the emergence of fresh USD selling.Fed rate cut bets and US fiscal concerns weigh on the USD amid trade-related uncertainties.A weaker risk tone could limit losses for the safe-haven buck and cap the upside for the pair.The GBP/USD pair regains positive traction at the start of a new week amid renewed US Dollar (USD) selling, though it remains below the 1.3500 psychological mark during the Asian session. The Personal Consumption Expenditures (PCE) Price Index released on Friday pointed to further easing inflationary pressures in the US and bolstered the case for more policy easing by the Federal Reserve (Fed). Adding to this, concerns about the worsening US fiscal condition, fueled by the passage of US President Donald Trump’s “Big Beautiful Bill,” exert fresh downward pressure on the USD. The British Pound (GBP), on the other hand, continues with its relative outperformance on the back of expectations that the Bank of England (BoE) would pause at its next meeting on June 18 and take its time before lowering borrowing costs further. This, in turn, is seen as another factor lending support to the GBP/USD pair. However, a weaker risk tone limits USD losses and might cap the pair. The global risk sentiment took a hit after Trump stated on Friday that China is not committed to fulfilling the terms of the trade agreement reached in Switzerland. This comes on top of persistent geopolitical risk stemming from the Russia-Ukraine war and conflicts in the Middle East, which temper investors' appetite for riskier assets and could offer some support to the safe-haven Greenback. Traders now look forward to this week's important US macro releases scheduled at the start of a new month, starting with the ISM Manufacturing PMI later this Monday. Apart from this, Fed Chair Jerome Powell's appearance will influence the USD price dynamics and provide some impetus to the GBP/USD pair. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

03:55 Gold Price Forecast: XAU/USD holds above $3,300 on economic uncertainty, geopolitical risks
The Gold price (XAU/USD) rebounds to around $3,310 during the early Asian trading hours on Monday. Ongoing tariff uncertainty and persistent geopolitical tensions boost demand for safe-haven assets like gold.

03:32 South Korea S&P Global Manufacturing PMI increased to 47.7 in May from previous 47.5
South Korea S&P Global Manufacturing PMI increased to 47.7 in May from previous 47.5

03:31 Japan Jibun Bank Manufacturing PMI came in at 49.4, above expectations (49) in May
Japan Jibun Bank Manufacturing PMI came in at 49.4, above expectations (49) in May

02:59 OPEC+ agrees on third oil output hike, may be larger than 411,000 bpd - Reuters
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to surge oil output for the third month in a row. An increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, per Reuters.

02:50 Japan Capital Spending above expectations (3.8%) in 1Q: Actual (6.4%)
Japan Capital Spending above expectations (3.8%) in 1Q: Actual (6.4%)

02:35 US President Trump, China’s Xi Jinping likely to speak soon on minerals trade dispute - Reuters
US Treasury Secretary Scott Bessent said on Sunday that US President Donald Trump and Chinese President Xi Jinping are likely to speak soon to iron out trade issues including a dispute over critical minerals, per Reuters.

02:16 AUD/USD extends the rally to near 0.6450 amid weaker US Dollar, tariff uncertainty
The AUD/USD pair extends its upside to around 0.6445 during the early Asian session on Monday. Tariff uncertainty continues to undermine the US Dollar (USD) against the Australian Dollar (AUD).

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}AUD/USD edges higher to near 0.6445 in Monday’s early Asian session. China's manufacturing sector continued to show signs of improvement in May.Traders await the US May ISM Manufacturing PMI, which will be released later on Monday. The AUD/USD pair extends its upside to around 0.6445 during the early Asian session on Monday. Tariff uncertainty continues to undermine the US Dollar (USD) against the Australian Dollar (AUD). Traders will take more cues from the release of the US May ISM Manufacturing Purchasing Managers' Index (PMI), which is due later on Monday. Data released by the National Bureau of Statistics on Saturday showed that the nation’s Manufacturing PMI rose to 49.5 in May, compared to 49.0 in the previous reading. The reading came in line with the market consensus in the reported month. Meanwhile, the Non-Manufacturing PMI declined to 50.3 in May versus April’s 50.4 figure. This figure was below the 50.6 expected. The Aussie remains firm in an immediate reaction to the mixed Chinese PMI data. The concern that tariffs will slow growth and reignite inflation in the United States (US) is likely to weigh on the Greenback in the near term. “We're going to have some tariffing. Maybe not as exciting as was announced on April the 2nd, but we're still going to get it,” said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered Bank NY Branch.Furthermore, the passage of US President Donald Trump’s “Big Beautiful Bill, which is expected to add trillions of USD to an already high fiscal deficit, prompted traders to lean on assets outside the US in the so-called “Sell America” trade. The US May ISM Manufacturing PMI will be the highlight on Monday. If the report showed a stronger-than-expected outcome, this could help limit the USD’s losses and create a headwind for the pair. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

01:50 China's NBS Manufacturing PMI rises to 49.5 in May, Non-Manufacturing PMI eases to 50.3
China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 49.5 in May, compared to 49.0 in the previous reading. The reading came in line with the market consensus in the reported month.

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09:02 Crude Oil price today: WTI price bullish at European opening West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.90 per barrel, up from Friday’s close at $60.30.

09:00 Russia S&P Global Manufacturing PMI rose from previous 49.3 to 50.2 in May Russia S&P Global Manufacturing PMI rose from previous 49.3 to 50.2 in May

09:00 United Kingdom Nationwide Housing Prices n.s.a (YoY) up to 3.5% in May from previous 3.4% United Kingdom Nationwide Housing Prices n.s.a (YoY) up to 3.5% in May from previous 3.4%

09:00 United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.5%, above expectations (0.1%) in May United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.5%, above expectations (0.1%) in May

08:53 EUR/USD Price Forecast: Next upside barrier emerges near 1.1450 The EUR/USD pair attracts some buyers to around 1.1370 during the early European session on Monday. The US Dollar (USD) weakens against the Euro (EUR) amid the renewed trade war tensions.

08:41 Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.4% in May Australia TD-MI Inflation Gauge (MoM) fell from previous 0.6% to -0.4% in May

08:01 Netherlands, The Nevi Manufacturing PMI: 49 (May) vs previous 49.2 Netherlands, The Nevi Manufacturing PMI: 49 (May) vs previous 49.2

08:00 Japan's Ishiba: We have no intention to compromise on US tariffs Japan’s Prime Minister Shigeru Ishiba said on Monday that Japan reaffirmed that it was not backing down in wanting tariffs to be reduced.

07:41 Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May Indonesia Core Inflation (YoY) came in at 2.4%, below expectations (2.5%) in May

07:39 USD/CAD falls to near 1.3700 as traders expect BoC to keep rates steady in June USD/CAD extends its losses for the second successive session, trading around 1.3720 during the Asian hours on Monday.

07:34 Gold price holds steady above $3,200 amid a combination of supporting factors Gold price (XAU/USD) regains positive traction at the start of a new week and climbs beyond the $3,300 mark during the Asian session, reversing a major part of Friday's losses.

07:34 India Gold price today: Gold rises, according to FXStreet data Gold prices rose in India on Monday, according to data compiled by FXStreet.

07:31 Netherlands, The Retail Sales (YoY): 5.3% (April) vs 1.8% Netherlands, The Retail Sales (YoY): 5.3% (April) vs 1.8%

07:31 Indonesia Inflation (MoM) came in at -0.37%, below expectations (-0.01%) in May Indonesia Inflation (MoM) came in at -0.37%, below expectations (-0.01%) in May

07:14 Indonesia Trade Balance came in at $0.15B below forecasts ($2.5B) in April Indonesia Trade Balance came in at $0.15B below forecasts ($2.5B) in April

07:14 Indonesia Imports came in at 21.84%, above forecasts (6.79%) in April Indonesia Imports came in at 21.84%, above forecasts (6.79%) in April

07:06 Indonesia Exports registered at 5.76% above expectations (5.75%) in April Indonesia Exports registered at 5.76% above expectations (5.75%) in April

05:45 Japanese Yen bulls retain control amid hawkish BoJ expectations, safe-haven buying The Japanese Yen (JPY) remains on the front foot against its American counterpart for the third consecutive day on Monday and seems poised to strengthen further amid a combination of supporting factors.

04:31 Australia ANZ Job Advertisements: -1.2% (May) vs previous 0.5% Australia ANZ Job Advertisements: -1.2% (May) vs previous 0.5%

04:12 Ukraine launches major drone attack on Russian bombers Ukraine has carried out a “large-scale” drone attack against Russian military bombers in Siberia, striking more than 40 warplanes thousands of miles from its territory, a security official said early Monday.

04:05 GBP/USD moves back closer to 1.3500 mark amid broadly weaker USD The GBP/USD pair regains positive traction at the start of a new week amid renewed US Dollar (USD) selling, though it remains below the 1.3500 psychological mark during the Asian session.

03:32 South Korea S&P Global Manufacturing PMI increased to 47.7 in May from previous 47.5 South Korea S&P Global Manufacturing PMI increased to 47.7 in May from previous 47.5

03:31 Japan Jibun Bank Manufacturing PMI came in at 49.4, above expectations (49) in May Japan Jibun Bank Manufacturing PMI came in at 49.4, above expectations (49) in May

02:50 Japan Capital Spending above expectations (3.8%) in 1Q: Actual (6.4%) Japan Capital Spending above expectations (3.8%) in 1Q: Actual (6.4%)

02:16 AUD/USD extends the rally to near 0.6450 amid weaker US Dollar, tariff uncertainty The AUD/USD pair extends its upside to around 0.6445 during the early Asian session on Monday. Tariff uncertainty continues to undermine the US Dollar (USD) against the Australian Dollar (AUD).

01:50 China's NBS Manufacturing PMI rises to 49.5 in May, Non-Manufacturing PMI eases to 50.3 China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 49.5 in May, compared to 49.0 in the previous reading. The reading came in line with the market consensus in the reported month.

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