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EUR/USD hovers around 1.0400 amid a souring mood
EUR/USD loses its early traction but holds within familiar levels around the 1.0400 area on Monday. The negative shift seen in risk mood, as reflected by Wall Street's bearish opening, supports the US Dollar and makes it difficult for the pair to hold its ground.
GBP/USD stabilizes around 1.2550 in dull trading
GBP/USD turned south and dropped toward 1.2500 after reaching a 10-day-high above 1.2600 earlier in the day. The pair recovered as fears eased and stabilized around 1.2550 in holiday-thinned trading. Demand for safety skews the risk to the downside.
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Editors’ Picks
Gold struggles around $2,600 as USD demand recedes
Gold briefly traded below the $2,600 level in the American session on Monday, with US Dollar demand backed by the poor performance of global equities and exacerbated by thin trading conditions ahead of New Year's Eve.
These three narratives could fuel crypto in 2025, experts say
Crypto market experienced higher adoption and inflow of institutional capital in 2024. Experts predict the trends to look forward to in 2025, as the market matures and the Bitcoin bull run continues.
Bitcoin Price Forecast: BTC misses Santa rally even as on-chain metrics show signs of price recovery
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day.