US Pre Market Open: 250 pips win on GBP/CAD New trade set ups for EUR/USD and USD/CHF

Australian Dollar holds losses after China’s RatingDog Services PMI declined to 52.0 in December from 52.1 prior. The AUD may find support as expectations grow for interest rate hikes by the Reserve Bank of Australia. The US Dollar strengthens on safe-haven demand amid renewed geopolitical risks after the US captured Venezuelan President Nicolas Maduro.

Gold holds sizeable gains near $4,400 in the Asian trading hours on Monday. The traditional safe-haven metal capitalizes on escalating geopolitical risks after the United States' capture of Venezuelan President Nicolas Maduro. Traders will closely monitor developments surrounding the US seizure of Maduro and await the US ISM Manufacturing Purchasing Managers' Index data later on Monday. 

USD/JPY holds its latest uptick near 157.00 in Asian on Monday. The pair gains ground as the US Dollar finds fresh haven demand in the face of the weekend's United States' capture of Venezuela, which keeps investors on edge and fuels a flight to safety across the board. 

Meme coins, including Brett, Bonk, and Dogwifhat, lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Financial markets remain in holiday mood as the first trading day of the new year gets underway. The economic calendar will not offer any high-tier data releases on Friday and trading volumes could remain thin heading into the weekend.