EUR/USD remains pressured below 1.0450, fading Friday’s rebound, as the US dollar sees fresh demand amid a cautious market mood and light trading conditions. Recession fears and Fed-ECB policy contrast will keep favoring the dollar. Eurozone Sentix eyed.
GBP/USD licks its wounds around 1.2100, as investors stalk the US dollar amid growing growth fears. Another attempt to oust UK PNM Johnson and looming Brexit woes keep the upside elusive in cable. Thinner liquidity conditions will prevail amid the US holiday.
Gold Price defends minor recovery gains above $1,800 amid US holiday. Growth fears strengthen the US dollar, despite the recent sell-off in yields. XAUUSD awaits death cross confirmation to resume the downtrend below $1,800.
Cardano price is at a point in its journey where things could go either way. As ADA consolidates above a stable support level, things could turn ugly if it breaks or bullish if it bounces. Therefore, investors need to be careful with their decision.