Monday, August 31, 2026

EUR/USD: Edges higher to near 1.1600 ahead of German CPI inflation release.

The E uro pair gathers strength to around 1.1590 during the early Asian trading hours on Monday. The US Dollar edges lower against the Euro despite hawkish remarks from Federal Reserve Chair Kevin Warsh. Traders will take more cues from the preliminary reading of Consumer Price Index inflation data from Germany, which is due later on Monday.

GBP/USD: Bounces off over one-week low vs soft USD; upside potential seems limited.

The British Pound pair edges higher at the start of a new week, reversing a part of Friday's heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February, touched earlier this month, has run its course .

Dow Jones Index: Dip amid renewed Iran hostilities.

U.S. stock index futures fell on Sunday evening after the U.S. launched renewed military strikes against Iran for the first time in weeks, sending oil prices up sharply .

Crude Oil: Trades more than 2% after US attack on Iran’s Larak island.

Oil prices were trading more than 2% higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month .

Gold: Steadies after sharp selloff as Warsh revives Fed hike bets

Gold prices edged higher on Monday after tumbling over 3% in the previous session, as investors reassessed the Federal Reserve’s rate outlook following Chair Kevin Warsh’s hawkish inflation message .

Economic calendar:

(All times is GMT + 3 )