A bullish State of the Union address from U.S. President Obama (despite Iranian intervention) plus stock markets and crude oil rebound from lows - FX markets plus Bitcoin commentary at the CME this morning.

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AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data

AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data

AUD/USD trades in positive territory for six consecutive days around 0.6535 during the early Asian session on Monday. The upward momentum of the pair is bolstered by the hawkish stance from the Reserve Bank of Australia after the recent release of Consumer Price Index inflation data last week.

AUD/USD News

EUR/USD holds positive ground above 1.0700, eyes on German CPI data

EUR/USD holds positive ground above 1.0700, eyes on German CPI data

EUR/USD trades on a stronger note around 1.0710 during the early Asian trading hours on Monday. The weaker US Dollar below the 106.00 mark provides some support to the major pair.

EUR/USD News

Gold trades on a softer note below $2,350 on hotter-than-expected US inflation data

Gold trades on a softer note below $2,350 on hotter-than-expected US inflation data

Gold price trades on a softer note near $2,335 on Monday during the early Asian session. The recent US economic data showed that US inflationary pressures staying firm, which has added further to market doubts about near-term US Federal Reserve rate cuts. 

Gold News

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost. 

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Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

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