Hot Market News
🟢 EUR/USD is finding buyers above 1.0650, starting off the week on a positive note on Monday. The pair is receiving upward support, courtesy of a better market mood and a broad US Dollar pullback. German Bundesbank's monthly report eyed. Source: fxstreet.com
🔴 GBP/USD remains on the back foot near a three-month low below 1.2400 early Monday. The pair is struggling to find a floor, despite an upbeat market mood and a broad retreat in the US Dollar. Traders stay cautious ahead of big event risks - the UK inflation data and the BoE decision. Source: fxstreet.com
⚪️ USD/JPY pair consolidates in a narrow range after retracing from the 147.95 area during the early European session on Monday. Markets turn cautious ahead of the key event from both the Federal Reserve (Fed) and Bank of Japan (BoJ) this week. The major trades near 147.68, losing 0.11% on the day. Source: fxstreet.com
🟢 AUD/USD is picking up fresh bids to test 0.6450 in the Asian trading on Monday. Improving risk appetite is fuelling a modest retreat in the US Dollar amid holiday-thinned trading and China's property market woes. Focus shifts to the RBA Minutes on Tuesday. Source: fxstreet.com
⚪️ USD/CAD struggles to gain any meaningful traction and oscillates in a range on Monday. Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD slide. The downside seems limited as traders seem reluctant ahead of the FOMC policy meeting. Source: fxstreet.com
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