Australia TD-MI Inflation Gauge (YoY): 3.5% (December) vs 3.2%

EUR/USD gains ground after four days of losses, trading around 1.1630 during the Asian hours on Monday. The upside in the risk-sensitive pair may remain capped amid rising safe-haven demand, driven by escalating uncertainty surrounding the US–Greenland issue.

The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar weakens against the Pound Sterling amid US President Donald Trump's latest tariff threats against Europe over ‌Greenland. The US markets are closed in observance of the Martin Luther King Jr. Day holiday on Monday.

Gold spikes to a fresh all-time peak, around the $4,700 neighborhood, at the start of a new week as US President Donald Trump reignites a trade war over Greenland, boosting demand for safe-haven assets. Moreover, a US Dollar pullback from its highest level since December 9 turns out to be another factor benefiting the bullion. However, growing on-hold Fed bets could act as a headwind for the non-yielding yellow metal.

US PCE, PMIs and remarks from Davos could impact Fed cut bets. BoJ to stand pat; focus to fall on guidance after election reports. UK CPI and retail sales data may confirm bets of more BoE cuts. Eurozone PMIs and Australian jobs data also on the agenda.

What’s more surprising: the Fed Chair addressing the world by speaking directly to camera to accuse the White House of undermining the central bank’s independence - or markets barely reacting?

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.