Monday open indicative forex prices, 25 May 2026

Monday open levels, indicative FX prices, 18 May 2026

Monday open indicative forex prices, 04 May 2026

The desk interprets the recent markdown of the USD as a response to geopolitical developments, particularly the tentative peace proposal involving Iran, which aims to reopen the Strait of Hormuz and end hostilities in the region. Per the full note [source], this situation is fluid, with President Trump expressing skepticism about the adequacy of the proposal. The market's reaction suggests a cautious optimism, but the underlying risks remain significant, particularly given the U.S. naval blockade and ongoing tensions in Lebanon. As traders navigate these dynamics, the USD's position will be closely monitored against key levels and upcoming data releases.

Monday open indicative forex prices, 11 May 2026. USD bids.

The desk interprets the recent geopolitical tensions surrounding Iran's demands and President Trump's firm rejection as a catalyst for a modest uptick in the USD. Per the full note from Eamonn Sheridan, the USD is showing slight strength in early trading, coinciding with a slight rise in weekend oil prices. This backdrop suggests a market increasingly sensitive to geopolitical risks, which could influence currency flows and positioning. With the USD currently trading higher, traders should remain vigilant for further developments in the Iran situation and their potential impact on oil prices and the broader FX landscape.

Market outlook for the week of 4th - 8th May

Lead — The desk anticipates a cautious week for the FX market, with significant attention on the RBA's monetary policy decision and U.S. labor data releases. Per the full note [source], geopolitical tensions and inflationary pressures are likely to influence central bank actions, particularly in Australia. The consensus suggests a 25 bps hike from the RBA, aligning with market expectations. Additionally, the upcoming U.S. employment data could reveal further insights into the labor market's trajectory, impacting USD positioning.