Australia 3Q Private Capital Expenditure report: Fell by 0.6% in the September quarter 2019

EUR/USD stays on the front foot on Monday, creeping closer to the 1.1700 handle. The pair is being lifted by broad-based US Dollar weakness, as renewed concerns over the Federal Reserve’s independence weigh on market confidence. Looking ahead, traders are likely to tread more carefully as Tuesday’s US CPI release comes into view.

GBP/USD starts the week on a firmer note, pushing up towards the 1.3480 area, or three-day highs. Cable is getting a lift from broad weakness in the Greenback, after fresh criticism from the US administration directed at Fed Chair Powell revived concerns about the Fed’s independence.

Gold extends its rally into a third straight session on Monday, pushing to fresh record highs just above the $4,610 mark per ounce troy. The move is being driven by renewed, heavy selling in the US Dollar, alongside a fresh bout of geopolitical tension in the Middle East.

Bitcoin holds above $90,000 after briefly trading beyond $92,000 amid a DoJ criminal investigation into Fed Chair Jerome Powell. Ethereum remains range-bound between $3,000 support and $3,300 resistance, weighed down by declining retail demand.

Federal investigation of Powell and the Fed knocks risk sentiment. Concerns grow about Fed independence as gold hits a record. Are markets expecting Trump to scale back his rhetoric?

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. Additionally, Solana is exploring private transactions through a hackathon starting on Monday.