LMAX Group Research Desk
LMAX Group
Broad based US Dollar weakness continues to bolster market sentiment. Investors have chosen to conclude recent economic data in the US, including softer inflation reads, will translate to a Fed cut. And yet, the Fed has sent no such message.
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Editors’ Picks
EUR/USD stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
Gold price languishes near two-week low, focus shifts to US CPI and key central bank meetings
Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal. Geopolitical risks could help limit further losses ahead of this week’s key data/event risks.
Ripple plunges alongside altcoins in marketwide crash, Galaxy CEO admits XRP Army is real
The SEC v. Ripple lawsuit is making headlines again as pro-XRP attorney John Deaton criticizes former SEC Chair Jay Clayton for his comments on the court ruling. Clayton believes that the initial issuance of XRP tokens was a securities transaction in the capital raising phase.
Central stage: The big three central banks in focus
As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.