EUR/USD
EUR/USD rebounds after registering 0.75% losses in the previous day, trading around 1.1530 during the Asian hours on Monday. The daily chart technical analysis indicates an ongoing bearish bias as the pair is positioned near the lower boundary of the descending channel pattern.
GBP/USD
The GBP/USD pair trades with mild losses around 1.3340 during the European trading hours on Monday. Ongoing tensions in the Middle East and rising bets of a US interest rate hike provide some support to the US Dollar (USD) against the British Pound (GBP).
USD/JPY
USD/JPY moves little after registering modest gains in the previous day, trading around 160.30 during the Asian hours on Monday. With the currency pair holding firm above the critical 160.00 threshold, market participants remain highly alert to potential government intervention. However, trading remained stable following the release of Japan’s first-quarter Gross Domestic Product (GDP) data for 2026.
AUD/USD
The AUD/USD pair remains under selling pressure near 0.7035 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline against the US Dollar (USD) amid escalating tensions in the Middle East and stronger-than-expected US economic data.
NZD/USD
The NZD/USD pair stages a modest recovery following an Asian session dip to the 0.5780 region, or a two-month low, as the US Dollar (USD) enters a bullish consolidation phase on Monday. Spot prices climb back above the 0.5800 mark in the last hour, though any meaningful appreciation still seems elusive.
USD/CAD
The USD/CAD pair touched a fresh high since late March during the Asian session on Monday and looks to build on the strength further beyond mid-1.3900s. However, a goodish pickup in Crude Oil prices, along with Friday’s upbeat Canadian jobs report, underpins the commodity-linked Loonie and might cap any further gains amid a subdued US Dollar (USD) price action.
USD/CHF
USD/CHF extends its gains for the second successive day, trading around 0.7970 during the Asian hours on Monday. The pair gains ground as the US Dollar (USD) remains firm amid increased safe-haven demand after the Israeli military stated a missile had been launched from Yemen towards Israeli territory, which has been intercepted by its aerial defense systems.
CRUDE OIL
Oil prices jumped in Asian trade on Monday after Iran launched multiple missile barrages toward Israel in retaliation for an Israeli strike on the outskirts of Beirut, threatening a fragile ceasefire and dimming hopes for a negotiated end to the conflict.
Gold (XAU/USD) drops to its lowest level since March 23 during the Asian session on Monday and now seems to have found acceptance below a technically significant 200-day Simple Moving Average (SMA). Renewed hostilities in the Gulf push Crude Oil prices higher, fanning inflationary concerns and bolstering bets for more hawkish central banks. This, in turn, is seen as a key factor undermining demand for the non-yielding bullion. Bearish traders, however, await acceptance below the $4,300 mark before placing fresh bets amid subdued US Dollar (USD) price action.
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