Just at the market US opening bell, Ed Ponsi continued the real-time, interactive technical and fundamental analysis of the Forex markets. View and analyze live charts and news, uncover opportunities for upcoming trades, and answer participants questions.
EUR/USD is trading sideways above 1.0750 in European trading on Monday. The pair defends bids amid a cautious mood and sluggish US bond yields. The US Dollar is struggling for upside traction, as traders refrain from placing fresh bets ahead of Tuesday's US inflation data.
GBP/USD is holding steady near 1.2550, lacking a clear directional bias in European morning on Monday. The pair is struggling amid investors' caution ahead of key economic data and central banks' meetings from the US and the UK this week.
Bitcoin is likely to experience heightened volatility this week with the upcoming release of November CPI data. BTC price suffered a correction of nearly 4% in the past 24 hours, ahead of the key macroeconomic events scheduled for the week.
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.