United States Retail Sales ex Autos (MoM) below forecasts (0.5%) in February: Actual (0.3%)

EUR/USD keeps pushing higher on Monday, edging closer to the 1.1700 mark. The move comes as the US Dollar softens broadly, with fresh jitters about the Federal Reserve’s independence weighing on sentiment. Moving forward, caution among investors should kick in ahead of Tuesday’s US CPI data.

GBP/USD manages to pick up traction, coming close to the 1.3480 zone at the beginning of the week. In the meantime, Cable is drawing support from a broadly weaker Greenback, after renewed criticism from the US administration aimed at Fed Chair Powell reignited concerns over the Fed’s independence.

Gold holds its retreat from fresh record highs of $4,601 in the European session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback. 

Solana edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds reflects deeper institutional support for Solana.

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

Solana edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds reflects deeper institutional support for Solana. Additionally, Solana is exploring private transactions through a hackathon starting on Monday.