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EUR/USD stays below 1.1200 after upbeat US data
EUR/USD stays below 1.1200 in the American session on Monday. The data from the US showed that Durable Goods orders rose at a much stronger pace than expected in July, supporting the USD and not allowing the pair to stage a decisive rebound.
GBP/USD fluctuates near 1.3200 amid cautious market mood
GBP/USD is off multi-month highs, consolidating gains near 1.3200 on Monday. Better-than-forecast Durable Goods Orders data from the US and the cautious market stance helps the US Dollar hold its ground and limits the pair's upside.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold pulls away from daily highs, holds above $2,500
Gold retreats from the daily high it set above $2,520 but manages to stay afloat above $2,500 on Monday. The 10-year US yield stabilizes near 3.8% and the US Dollar benefits from the negative shift seen in risk sentiment, making it hard for XAU/USD to stretch higher.
Three fundamentals for the week: Focus on the fragility of the US economy Premium
Is the world's largest economy faltering? The first key two figures to be released this week are focused on the fragility of the economy, and the last one is on the battle the Fed is winning: inflation.
Toncoin price crashes double-digits as Telegram CEO Pavel Durov Arrested
Toncoin (TON) plunged 14% in two days, reaching a low of $5.23 on Sunday. As of Monday, it trades at around $5.73. This bearish sentiment was initiated by the arrest of Pavel Durov, CEO of Telegram, by the Fench authorities on Saturday.