Hong Kong SAR Unemployment rate meets expectations (2.8%) in July

EUR/USD has recovered part of the recent steep pullback, approaching three-day highs around 1.1650 due to the renewed weakness of the Greenback. Meanwhile, investors continue to evaluate President Trump's recent threats to impose new tariffs on several EU countries.

GBP/USD reverses the earlier pullback and manages to pick up strong upside traction on Monday, climbing to as high as the 1.3440 zone. Cable’s sharp bounce comes in response to the fresh selling interest hurting the Greenback amid the resumption of tariff jitters.

Gold price edges higher to near $4,670 during the early Asian session on Tuesday. The precious metal is set to hit a fresh record high as traders flock to safe-haven assets amid a persistent geopolitical and economic outlook.

Ethereum saw mixed sentiments in its on-chain activity over the past week. While whales accumulated amid a surge in network activity, retailers distributed as escalating geopolitical tensions over Greenland eventually pulled down prices.

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.