Singapore: Ai tailwinds offset conflict drag – UOB

UOB’s Jester Koh notes that Singapore’s 1Q26 GDP was sharply revised higher and that MTI kept its 2026 growth forecast at 2.0–4.0%. The bank raises its 2026 GDP forecast to 3.2%, citing sustained AI-related demand and strong electronics indicators.

Forex Today: US Consumer Confidence next on tap amid geopolitical optimism

The Greenback has started the week on the back foot, receding to multi-week lows on the back of the generalised improvement in the risk complex, all in response to rising optimism on a potential US-Iran deal.

Euro rallies as Iran ceasefire hopes crush the US Dollar

The Euro (EUR) advances during Monday’s session, up 0.37% amid renewed hopes for an agreement between the US and Iran to extend the ceasefire by 60 days and discuss a deal regarding Iran’s uranium enrichment program. The EUR/USD pair trades at 1.1645 at the time of writing.

Gold climbs 1% as hopes for US-Iran deal pressure Oil and the US Dollar

Gold (XAU/USD) rebounds sharply on Monday as hopes for a US-Iran deal to end the war in the Middle East and reopen the Strait of Hormuz weigh on the US Dollar (USD) and Oil prices. At the time of writing, XAU/USD is trading around $4,572, up 1.40% on the day.

GBP/JPY Price Forecast: Bulls test 214.50 resistance as upside momentum improves

GBP/JPY trades with a positive bias on Monday as the British Pound (GBP) outperforms the Japanese Yen (JPY) amid improving market sentiment surrounding a potential US-Iran deal. At the time of writing, the cross is trading around 214.52, up 0.30% on the day.

Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation

Gold price analysis suggests the probability of further downside as the stronger dollar weighs on the precious metal. The new Fed Chair nomination has triggered a wave of deeper retracement in gold after a strong rally. Gold’s structural support remains intact as central banks still buy, while US-Iran tension also maintains a safe-haven demand. Gold...

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AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside

The AUD/USD forecast edges to the downside despite a hotter inflation print as the yields fell sharply, suggesting only a single RBA hike in the near term. Trump’s nomination of Kevin Warsh as the next Fed Chair lifts the US dollar, as markets view the decision as less dovish. COT positioning suggests reduced AUD longs,...

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EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP

The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for...

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GBP/USD Weekly Forecast: Firm USD Risks Break of 1.37, Eyes on BoE, NFP

The GBP/USD weekly forecast remains slightly subdued as the markets pared partial weekly gains amid dollar recovery and profit-taking. Fed’s data dependency and resilient UK economy continue to balance the GBP/USD. Market participants eye the US NFP and the BoE interest rate decision to gauge further directional bias. The GBP/USD price closed its second consecutive...

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Gold Outlook: Strong Selling Amid Firm Dollar Ahead of US PPI

The gold outlook remains slightly deteriorated after a 4% plunge in a single session amid profit-taking. The structural demand for gold stays intact, with institutional targets set at $6,200 by mid-2026. Gold’s path could be bumpy depending on US macroeconomic data releases. Gold has been experiencing increased volatility after breaking the $5,500 barrier. The metal...

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