The Euro trades with decent gains against the US Dollar. Stocks in Europe trade mostly on the defensive. EUR/USD meets decent contention around 1.0500. The USD Index (DXY) looks supported around the mid-105.00s. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index takes centre stage in the American session. (FXStreet)

Australian Dollar retraces recent losses pre-release of RBA Meeting Minutes on Tuesday. RBA is exploring the possibility of introducing a central bank digital currency to save costs of billions of dollars. Investors hesitate on the Fed interest rate trajectory; contributing to the weakening of the US Dollar. (FXStreet)

GBP/USD attracts some buying on Monday and draws support from a modest USD downtick. The uncertainty over the Fed’s rate-hike path and a positive risk tone undermine the greenback. Elevated US bond yields limit the USD losses; Bets that the BoE is done raising rates cap the pair. (FXStreet)

Pressured by hawkish comments from Bank of Canada (BoC) Governor Tiff Macklem and surging crude oil prices, USD/CAD closed in negative territory on Friday. Later in the day, the BoC will release the Business Outlook Survey for the third quarter. The barrel of West Texas Intermediate holds steady slightly above $87 early Monday and USD/CAD fluctuates in a tight channel near 1.3650. (FXStreet)

NZD/USD moves upward on market hesitation over the Fed’s interest rate trajectory. US Dollar could receive flows due to the risk aversion over the Palestine-Israel conflict. Fed could halt interest rate-hike cycle due to higher US Treasury yields. (FXStreet)

USD/CHF continues to lose ground on the Fed’s interest rate uncertainty. Safe-haven Swiss Franc receives flows due to the risk aversion over Middle-East conflict. The recovery in US bond yields could limit losses of the US Dollar. (FXStreet)

USD/JPY continues the losses on the Fed’s uncertainty regarding interest rate trajectory. US Dollar could gain momentum due to the risk aversion over the Middle East conflict. BoJ is expected to intervene in the FX market to prevent the depreciation of Japanese Yen. (FXStreet)

EUR/JPY currently trades around 157.48, up 0.18% on the day. The key resistance level is located at 157.55; 157.00 will emerge as a key support level. The cross holds below the 50- and 100-hour EMAs; RSI indicator shows the non-directional movement. (FXStreet)

Gold price kicks off the new week on a weaker note and reverses a part of Friday’s rise to a multi-week high. Failure to find acceptance above the 200-day SMA prompts some profit-taking amid elevated US bond yields. Israel-Hamas conflict and dovish Fed expectations should help limit any meaningful downfall for the XAU/USD. (FXStreet)

Silver meets with some supply and erases a part of Friday’s strong gains to a two-week high. The technical setup supports prospects for the emergence of some dip-buying at lower levels. Sustained weakness back below the $22.30 area could pave the way for further intraday losses. (FXStreet)

Crude oil prices retrace the recent surge; seeking more cues on the Israel-Hamas war. Iran warned Israel that the situation could escalate if alleged war crimes are not halted in Gaza, Softer outlook for the Chinese economy could help in dampening the Crude oil demand. (FXStreet)

Source: FXStreet

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