Equity rebound fizzles while cryptocurrencies see only modest gains

Chris Beauchamp IG

Mondays have been strong days for stocks so far in 2025, but not today, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.

FTSE 100 steady but rally fails to materialise

Optimism stemming from Friday’s rebound in equities, the second such move in a week, has failed to translate into sustained gains for stock markets today. While the FTSE 100 continues to hold steady, free of the valuation worries that afflict tech stocks globally, it continues to outperform the Dax, an index that has found its attempts to rebound stymied over and over again since July. While Wall Street has avoided heavy losses today, a rising VIX suggests that the tensions of last week haven’t disappeared entirely.

Bitcoin struggles below $100K

The poor run for cryptocurrencies has been a key feature of the last few months, but despite the headlines there seems to be no manic rush to buy bitcoin now that it has slipped below $100K. The crypto space is higher across the board but this is far from the rebound that would denote real enthusiasm about buying the dip.

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Chris Beauchamp

EUR/USD climbs to two-week highs beyond 1.1900

EUR/USD is keeping its foot on the gas at the start of the week, reclaiming the 1.1900 barrier and above on Monday. The US Dollar remains on the back foot, with traders reluctant to step in ahead of Wednesday’s key January jobs report, allowing the pair to extend its upward grind for now.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold treads water around $5,000

Gold is trading in an inconclusive fashion around the key $5,000 mark on Monday week. Support is coming from fresh signs of further buying from the PBoC, while expectations that the Fed could turn more dovish, alongside concerns over its independence, keep the demand for the precious metal running.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest. XRP seeks support above $1.40 after facing rejection at $1.54 during the previous week's sharp rebound.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.