テクニカル分析

The GBP/JPY advances by some 0.16% and extends its rally for the third straight day, with the cross pair trading at 210.93 as it approaches the September 18 high of 211.28, seen as the next key resistance ahead of the 50-day Simple Moving Average (SMA).

OCBC remains cautiously negative on the Indonesian Rupiah (IDR) after MSCI proposed reclassifying Indonesia from emerging market to standalone status, triggering sharp equity outflows and USD/IDR gains. The bank expects Bank Indonesia’s (BI) intervention to cap volatility but sees a sustained recovery needing clearer reforms and better external conditions, with 18,190 flagged as key resistance and Fibonacci supports below.

Silver price (XAG/USD) drifts higher during Monday’s North American session, up 0.38%, exchanging hands at $57.21, yet it remains near last week's low of $55.38, an indication that the white metal could be poised for a bearish continuation in the near term.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD slipped on Friday but downside momentum remains only tentative. In the very near term, the pair is expected to stay confined between nearby support at 1.2780 and resistance at 1.2815. Over the coming 1–3 weeks, UOB sees scope for modest further Dollar weakness, though a clear break below 1.2765 is viewed as unlikely.

The Mexican Peso appreciates against the US Dollar amid speculation that the interest rate differential between Mexico and the US will remain unchanged, with the Federal Reserve projected to hold rates steady at the October meeting. The USD/MNX trades at 18.41, down 0.44%.

Commerzbank’s Volkmar Baur notes China’s reported 4.5% year-on-year Q3 growth, despite weak investment and flat real retail sales. He argues Beijing appears broadly satisfied and unlikely to deliver major new stimulus.

Gold (XAU/USD) falls about 0.54% on Monday as the Greenback drifts higher and market mood shifts to neutral amid tensions in the Middle East, sparking a risein Oil prices, with West Texas Intermediate (WTI) bouncing off daily lows beneath $97 to $99.30.

The US Dollar (USD) has managed to regain some composure, leaving behind two daily drops in a row helped by rising US Treasury yields and reignited social/political concerns in France.

NZD/USD trades with a mild positive bias on Monday as the New Zealand Dollar (NZD) benefits from improved risk sentiment. However, a rebound in US Treasury yields following last week’s pullback supports the US Dollar (USD), capping the pair’s upside.