Fed's Goolsbee: Main puzzle with inflation is housing

Following the correction seen in the second half of the previous week, EUR/USD gains traction on Monday and edges higher toward 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday. 

GBP/USD turns north on Monday and trades in positive territory well above 1.3400. The US Dollar (USD) stays on the back foot to begin the new week as investors adjust their positions before tomorrow's growth data, helping the pair stretch higher.

Gold trades at a fresh all-time-high above $4,400 Monday, rising more than 1.5% on a daily basis. The potential for a re-escalation of the tensions in the Middle East on news of Israel planning to attack Iran allows Gold to capitalize on safe-haven flows.

Bitcoin could hit record highs in 2026, according to Grayscale and top crypto asset managers. Institutional demand and digital-asset treasury companies set to catalyze gains in Bitcoin.

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

Hyperliquid (HYPE) trades at $25 at press time on Monday, holding the 3% gains from the previous day. The perpetual exchange sees a recovery in active users, while weekly fees collected decline to the lowest level so far this month.