ABN AMRO economists Rogier Quaedvlieg, Arjen van Dijkhuizen and Bill Diviney analyse how the US Supreme Court’s annulment of IEEPA-based tariffs modestly lowers overall US tariff levels while leaving them historically high. 🔗 Source 💡 DMK Insight The US Supreme Court’s recent decision on IEEPA-based tariffs is a game changer for traders: it slightly lowers tariffs but keeps them at historically high levels. This ruling could impact various sectors, particularly those reliant on imports, as it signals a potential easing of trade tensions. However, with tariffs still elevated, the broader implications for inflation and consumer prices remain. Traders should keep an eye on sectors like consumer goods and manufacturing, which might see some relief but still face challenges from high tariff rates. Additionally, this could influence forex markets, particularly USD pairs, as changes in trade policy often affect currency valuations. Watch for any shifts in market sentiment as traders digest this news, especially in the coming weeks as economic data releases could reflect the impact of these tariffs. On the flip side, while this ruling may seem like a positive development, it’s crucial to consider that high tariffs are still in place, which could dampen any potential benefits. Keep an eye on key economic indicators and sector performance to gauge the real impact of this decision moving forward. 📮 Takeaway Monitor the consumer goods and manufacturing sectors for potential volatility as traders react to the Supreme Court’s tariff ruling over the next few weeks.

AUD/USD softens on Monday as the Australian Dollar (AUD) struggles to gain traction despite a weaker US Dollar (USD), with traders digesting fresh trade-related uncertainty linked to US tariffs. 🔗 Source 💡 DMK Insight AUD/USD is slipping even with a weaker USD, and here’s why that’s puzzling: Typically, a weaker USD would bolster the AUD, but ongoing trade uncertainties are keeping traders on edge. The recent chatter around US tariffs is creating a risk-off sentiment that’s overshadowing the usual dynamics. Traders should be cautious as this could signal a broader trend where the AUD remains under pressure despite favorable USD conditions. Watch for key support levels around recent lows; if they break, we could see a sharper decline. On the flip side, if trade tensions ease, the AUD might rebound quickly, so keeping an eye on news related to US-China trade talks is crucial. For now, monitor the 0.6400 level closely; a sustained move below could trigger further selling pressure. If you’re in the market, consider adjusting your positions based on how these trade developments unfold in the coming days. 📮 Takeaway Keep an eye on the 0.6400 support level for AUD/USD; a break could lead to increased selling pressure amid ongoing trade uncertainties.

USD/CAD trades around 1.3665 on Monday at the time of writing, virtually unchanged on the day. The pair is attempting to stabilize following last week’s late pullback from a monthly high, but it remains below the psychological 1.3700 threshold. 🔗 Source 💡 DMK Insight USD/CAD is hovering around 1.3665, and here’s why that matters right now: After last week’s pullback from a monthly high, the pair’s struggle to reclaim the 1.3700 level indicates a critical battleground for traders. This psychological threshold often acts as a resistance point, and failure to break above it could signal further downside risk. If the pair continues to hold below 1.3700, traders might want to consider short positions, especially if the broader market sentiment leans bearish. Keep an eye on economic indicators from both the U.S. and Canada this week, as any surprises could trigger volatility. The recent stability suggests a consolidation phase, but the potential for a breakout or breakdown is palpable. On the flip side, if USD/CAD manages to break above 1.3700, it could attract momentum traders, pushing the pair higher. Watch for any significant news releases or shifts in oil prices, as they can influence the CAD’s strength against the USD. The next few days will be crucial—monitor the 1.3700 level closely for potential trading opportunities. 📮 Takeaway Watch the 1.3700 level closely; a break above could signal a bullish shift, while failure to breach may lead to short opportunities.

BNY’s Head of Markets Macro Strategy Bob Savage sees supportive fundamentals for Asia FX, citing accommodative monetary policy, fiscal expansion and AI- and semiconductor-led export growth. 🔗 Source 💡 DMK Insight Asia FX is gaining traction, and here’s why traders should pay attention: supportive fundamentals are aligning. With accommodative monetary policies and fiscal expansion, currencies in this region are positioned for potential strength. The focus on AI and semiconductor exports is particularly relevant, as these sectors are driving economic growth and could lead to increased demand for local currencies. Traders should consider how these factors might influence their positions, especially if they’re looking at pairs involving Asian currencies. However, it’s worth noting that while the fundamentals look solid, geopolitical tensions and global economic shifts could introduce volatility. Keep an eye on key economic indicators from the region, particularly export data and central bank announcements, as these will provide insight into the sustainability of this trend. Watch for any significant movements in the USD/JPY and AUD/USD pairs, as they often reflect broader sentiment in Asia FX markets. 📮 Takeaway Monitor key economic indicators from Asia, especially export data, as they could signal further strength in Asia FX pairs.

ING’s Deepali Bhargava highlights that India is a notable beneficiary of the US tariff reset, with the removal of elevated IEEPA surcharges further reducing its effective tariff burden after earlier cuts. 🔗 Source 💡 DMK Insight India’s tariff reset is a game changer for traders focused on emerging markets. With the removal of elevated IEEPA surcharges, India’s effective tariff burden is significantly reduced, making it a more attractive destination for foreign investment. This could lead to increased capital inflows, boosting sectors like manufacturing and technology. Traders should keep an eye on related assets, particularly Indian equities and commodities, as they may experience upward momentum. However, it’s worth questioning whether this tariff relief will translate into immediate economic growth or if it’s just a temporary boost. The broader context includes ongoing global trade tensions and potential retaliatory measures from other nations. Watch for key economic indicators from India in the coming months, especially GDP growth rates and foreign direct investment figures, as they will provide insight into the real impact of these tariff changes. 📮 Takeaway Monitor India’s economic indicators closely; a surge in FDI could signal strong market opportunities in Indian equities.

Commerzbank analysts Charlie Lay and Moses Lim note that Malaysia’s January exports surged 19.6% year‑on‑year, led by electronics and optical equipment, with authorities expecting more moderate but positive growth in 2026. 🔗 Source 💡 DMK Insight Malaysia’s January export jump of 19.6% is a big deal for traders focused on emerging markets. This surge, primarily driven by electronics and optical equipment, signals strong demand and could influence the Malaysian Ringgit’s performance against major currencies. If this trend continues, it might attract foreign investment, bolstering the local economy. Traders should keep an eye on the Ringgit’s movements, especially if it breaks key resistance levels, as positive export data often correlates with currency strength. However, the forecast of more moderate growth in 2026 suggests potential volatility ahead, so managing risk is crucial. Watch for any shifts in global demand for electronics, as that could ripple through not just the Ringgit but also related markets like commodities and tech stocks. Keep an eye on the upcoming trade balance reports and any comments from the Bank Negara Malaysia, as these could provide further insights into the sustainability of this export growth. 📮 Takeaway Monitor the Malaysian Ringgit for potential strength as export growth continues, especially if it breaks key resistance levels in the coming weeks.

GBP/JPY retreats on Monday, down 0.22%, yet it remains consolidated within the 208.00-209.25 range, with traders eyeing a key break of support level seen at around 207.75. At the time of writing, the cross trades at 208.57 after reaching a high of 209.23. 🔗 Source 💡 DMK Insight GBP/JPY’s slight retreat could signal a critical moment for traders: The pair’s consolidation within the 208.00-209.25 range has created a battleground, and the focus now shifts to the support level around 207.75. A break below this level could trigger a wave of selling, potentially pushing the pair toward the next support zone. On the flip side, if it holds, we might see a bounce back towards the upper range, making it a prime area for scalpers and swing traders alike. Keep an eye on volume—if we see increased activity around 207.75, it could indicate strong conviction from market participants. Also, consider the broader context: the recent volatility in global markets, driven by economic data releases and central bank signals, could amplify moves in GBP/JPY. If the Bank of Japan maintains its dovish stance while the Bank of England hints at tightening, that divergence could further influence this pair’s trajectory. Watch for any news that could affect these currencies, as they might lead to unexpected volatility. 📮 Takeaway Monitor the 207.75 support level closely; a break could lead to significant downside, while a hold may push GBP/JPY back toward 209.25.

Gold rallies for the fourth straight day, reclaiming the $5,200 milestone late during the North American session on Monday as the Greenback retreats on uncertainty over US trade policies after the US Supreme Court ruled against the International Emergency Economic Powers Act (IEEPA) duties imposed b 🔗 Source 💡 DMK Insight Gold’s recent rally to $5,200 is a direct response to the weakening dollar and shifting trade policy uncertainties. The Supreme Court’s ruling against IEEPA duties has created a ripple effect, pushing traders to seek safe-haven assets like gold. This trend is likely to continue as long as the dollar remains under pressure, particularly with ongoing concerns about US trade policies. For day traders, this rally could signal a short-term buying opportunity, especially if gold maintains momentum above this key level. Watch for any retracement that tests support around $5,150, which could provide a solid entry point for swing trades. On the flip side, if the dollar rebounds due to unexpected positive economic data, gold could face downward pressure, making it crucial to monitor dollar index movements closely. Keep an eye on geopolitical developments as well, as they could further influence gold’s trajectory in the coming weeks. 📮 Takeaway Watch for gold to hold above $5,200; a drop below $5,150 could signal a reversal, while a sustained rally may attract more buyers.

The US Dollar (USD) recovered most of its intraday losses and trades broadly stable on Monday, after markets digested the Supreme Court’s decision agains United States (US) President Donald Trump’s tariffs and his move to impose additional levies over the weekend. 🔗 Source 💡 DMK Insight The USD’s recovery signals potential volatility for ADA and other altcoins. With ADA currently at $0.26, traders should be cautious as the Supreme Court’s ruling could impact market sentiment. A stable USD often leads to stronger altcoin performance, but the uncertainty surrounding tariffs may create short-term fluctuations. If the USD continues to hold its ground, ADA could see upward pressure, especially if it breaks above key resistance levels. However, if the market reacts negatively to ongoing tariff discussions, ADA might face downward pressure, making it crucial to watch for support levels around $0.25. Keep an eye on broader economic indicators and sentiment shifts, as they could dictate the next moves in both the forex and crypto markets. 📮 Takeaway Watch for ADA to hold above $0.25; a break could signal further downside, while stability in the USD may support a rally.

South Korea Producer Price Index Growth (MoM) rose from previous 0.4% to 0.6% in January 🔗 Source 💡 DMK Insight The uptick in South Korea’s Producer Price Index (PPI) growth from 0.4% to 0.6% is a signal for traders to reassess inflation expectations. Higher PPI often translates to increased costs for producers, which can lead to higher consumer prices down the line. This could influence monetary policy decisions from the Bank of Korea, potentially affecting interest rates and the Korean won. Traders should keep an eye on how this data impacts the forex market, particularly against the US dollar, as any shifts could create volatility. If the trend continues, it might also ripple through related markets, including commodities, as higher production costs can squeeze margins. But here’s the flip side: if this growth is seen as temporary or driven by one-off factors, the market might not react as strongly. Watch for upcoming economic indicators that could confirm or contradict this trend, especially in the next monthly reports. For now, keep an eye on the 1,200 level for USD/KRW as a key resistance point, which could be tested if inflation fears escalate. 📮 Takeaway Monitor the USD/KRW pair closely, especially around the 1,200 resistance level, as PPI growth could influence forex volatility in the coming weeks.