EUR/USD has declined below 1.0900 after having spent the first half of the day fluctuating in a tight range near that level. The risk-averse market environment, as reflected by falling US stocks, helps the US Dollar gather strength and weighs on the pair in the American session.
GBP/USD came under modest bearish pressure and declined below 1.2400 in the second half of the day on Monday. The cautious market mood ahead of this week's high-impact events seems to be supporting the US Dollar and capping the pair's upside.
Spot gold trades uneventfully for a second consecutive day, hovering around $1,923 a troy ounce. The Greenback started the week with a positive tone, although gains were modest ahead of the multiple first-tier events scheduled for later this week.
Cardano network’s large wallet investors have started selling or redistributing their holdings. ADA price has broken out of the multi-month downtrend and the next bullish target represents a 10% climb.