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EUR/USD climbs above 1.0350 ahead of German inflation data
EUR/USD gathers recovery momentum and trades above 1.0350 in the European session after the data from Germany and the Eurozone showed that Services PMI figures for December were revised higher. Investors await German inflation report.
GBP/USD extends rebound toward 1.2500 on broad USD weakness
GBP/USD extends its recovery from the multi-month low it set in the previous week and closes in on 1.2500. The improving risk mood makes it difficult for the US Dollar (USD) to find demand on Monday and helps the pair push higher ahead of mid-tier US data releases.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price keeps the red near 100-day SMA despite modest USD weakness
Gold price (XAU/USD) turns lower for the second straight day following an intraday uptick to the $2,647-2,648 area on Monday and moves further away from a nearly three-week high touched on Friday.
Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025 Premium
Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in 2025. The all-important Nonfarm Payrolls (NFP) stand out, but a look at the Federal Reserve (Fed) and the Chinese economy is also of interest.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP show signs of bullish momentum
Bitcoin’s price is approaching its key psychological level of $100,000; a firm close above would signal the continuation of the ongoing rally. Ethereum price closes above its upper consolidation level of $3,522, suggesting bullish momentum.