European Monetary Union CFTC EUR NC Net Positions rose from previous €38.8K to €47.6K

EUR/USD trades with a negative bias for the second straight day on Monday as diminishing odds for another rate cut by the US Federal Reserve provide a modest lift to the US Dollar. Spot prices retreat further from an over two-week high touched last Thursday, with bears awaiting a sustained break and acceptance below the 1.1600 mark before positioning for deeper losses.

The GBP/USD pair declines to near 1.3155 during the Asian session on Monday. The Pound Sterling softens against the US Dollar amid concerns about the UK's fiscal debt and weak economic data from the UK. Bank of England External Member Catherine Mann is set to speak later on Monday. 

Gold struggles to gain any meaningful traction on Monday amid mixed fundamental cues. Reduced December Fed rate cut bets benefit the USD and cap the non-yielding commodity. Economic concerns and a softer risk tone limit losses ahead of the delayed US macro data.

Bitcoin Ethereum, and Ripple begin the week on a cautious note, trading near their respective support levels. Market sentiment remains fragile following last week’s volatility, with BTC, ETH, and XRP correcting by nearly 10%, 14%, and 7%, respectively.

Canada, Japan and the UK to publish CPI data, but not the US. US October jobs and inflation reports may never get released. New release schedule likely; FOMC minutes eyed in meantime. Flash PMIs to be watched amid renewed economic worries

Pi Network (PI) trades above $0.2200 at press time on Monday, sustaining the 3.52% gains from Sunday. The announcement of Pi App Studio updates on Thursday aligns with the three-day recovery in PI token, with bulls aiming towards the 50-day Exponential Moving Average.