EUR/USD: A big drop below 1.0800 may be premature – ING

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 catches aggressive bids at the start of a new week and jumps to the $4,700 neighborhood, or a fresh all-time peak, during the Asian session amid the global flight to safety. US President Donald Trump threatened to impose new tariffs on eight European countries that opposed his plan to acquire Greenland. 

Bitcoin, Ethereum, and Ripple prices face a correction on Monday as renewed EU–US trade-war concerns dent risk sentiment across global assets. BTC slipped below $93,000 while ETH and XRP followed BTC’s footsteps and traded lower.

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.