Japan BSI Large Manufacturing Conditions Index (QoQ) above forecasts (0.2) in 3Q: Actual (5.4)
Author

FXStreet Team
FXStreet
Author

FXStreet Team
FXStreet
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EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar receives support from cautious remarks given by US Federal Reserve officials, diminishing the likelihood of an interest rate cut in December.
The GBP/USD pair declines to near 1.3155 during the early 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 retakes $4,100 early Monday, snapping a two-day pullback from three-week highs. US Dollar firms up amid reduced December Fed rate cut bets, awaits US NFP release on Thursday. Gold defends critical support zone near $4,070 on the daily chart, while RSI stays bullish.
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.
The end of US government shutdown was not enough to drive a lasting recovery in markets' risk appetite, with equity and bond markets weakening towards the end of the week.
VeChain holds above $0.0150 as overhead pressure signals a 15% downside risk. VeChain migrates from Proof of Authority to Delegated Proof of Stake to power the network’s next growth phase.