US Pre Market Open: New trade set ups for EUR/USD, USD/CAD, and RTY

Gold holds its retreat from fresh record highs of $4,601 in the European session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback. 

EUR/USD extends its upside toward 1.1700 in the European session on Monday. The US Dollar wilts across the board amid renewed concerns over the US Federal Reserve's independence. Traders await the Eurozone Sentix Investor Confidence data for fresh directives. 

GBP/USD builds on its recovery above 1.3450 in the European trading hours on Monday. The pair capitalizes on renewed US Dollar weakness, fuelled by fresh attacks from the US administration on Fed Chair Powell, which undermines the central bank's independence. 

Solana edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds reflects deeper institutional support for Solana.

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

The US Dollar kicks off a correction from monthly highs against its major counterparts on Monday, pressured by fresh threats to the US Federal Reserve’s independence, despite receding bets for interest rate cuts this year.