EUR/GBP: Close above key resistance at 0.8471/79 to see the core trend higher – Credit Suisse

EUR/USD extends its intraday recovery in the American session on Monday, changing hands at around 1.1700. The  US Dollar advanced throughout the first half od the day, benefiting from the cautious market mood following the US military intervention in Venezuela throughout the first half of the day, now shedding ground following the release of discouraging US data.

GBP/USD  keeps rallying in the American session on Monday, trading at around 1.3530. The US Dollar accelerated its slump following the release of the December ISM Manufacturing PMI. The index contracted to 47.9 from the 48.2 posted in November, also missing the expected 48.3.

Gold started the week on a bullish note and is currently extending its intraday advance. The bright metal benefited from mounting geopolitical tensions, triggered by the US decision to capture Venezuelan President Nicolás Maduro and his wife. A softer-than-anticipated US ISM Manufacturing PMI adds to Gold’s advance.

Bitcoin rises above the 50-day EMA, supported by a resurgence of ETF inflows. Ethereum remains above $3,100 as the crypto market broadly shrugs off mounting geopolitical tensions.

2025 was chaotic. 2026 might be even more so, if this weekend’s drama is anything to go by. Sometime soon, the Supreme Court will rule on President Trump’s use of emergency powers to impose country‑level tariffs - and betting markets put the odds of him losing at 70–80%.

Ripple edges up above $2.13 at the time of writing on Monday, reflecting steady interest in risk assets across the cryptocurrency market despite geopolitical tensions. XRP is rising for the fifth consecutive day, supported by steady inflows into spot ETFs.