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EUR/USD extends gains beyond 1.1400 amid renewed USD weakness Premium
EUR/USD extended gains beyond 1.1400 as the US Dollar (USD) fell alongside Wall Street. Business confidence continues to deteriorate amid mounting concerns about a global economic setback. First-tier data later scheduled for later this week could be a make it or break it.
GBP/USD gathers bullish momentum, advances beyond 1.3400
GBP/USD extends its daily climb above the 1.3400 mark in the second half of the day on Monday. Renewed US Dollar weakness amid a lack of fresh developments hinting at a further de-escalation of the US-China trade conflict support the pair ahead of this week's critical data releases.
Gold rebounds above $3,300 as mood sours Premium
Following a bearish opening to the week, Gold gains traction and trades above $3,300 in the American session. Mixed headlines on the ongoing US-China trade war cause markets to remain risk-averse on Monday, allowing XAU/USD to turn north.
XRP extends gains ahead of futures ETFs launch this week
XRP climbs over 3% on Monday, hovering around $2.33 at the time of writing. The rally is likely catalyzed by key market movers like XRP futures Exchange Traded Funds (ETFs) approval by the US financial regulator, the Securities and Exchange Commission (SEC), and a bullish outlook.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
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