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EUR/USD consolidates gains below 1.0500 amid weaker US Dollar
EUR/USD holds gains below 1.0500 in European trading on Monday, having recovered from its two-year low of 1.0332. This rebound is due to a sell-off in the US Dollar and the US Treasury bond yields amid a US bond market rally. The focus shifts to German data and ECB-speak.
GBP/USD flirts with 2600 on the road to recovery
GBP/USD is trading close to 1.2600 early Monday, opening with a bullish gap at the start of a new week. A broad US Dollar decline alongside the US Treasury bond yields on appointment of a fiscal hawk Scott Bessent as the Treasury Chief helped the pair stage a solid comeback.
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Editors’ Picks
Gold: Is the tide turning in favor of XAU/USD sellers?
After witnessing intense volatility in Monday's opening hour, Gold's price is licking its wounds near $2,700. The bright metal enjoyed good two-way trades before sellers returned to the game after five straight days.
Elections, inflation, and the bond market
Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation
Dogecoin price crossed $0.40 on Friday, after a weeklong consolidation that saw DOGE tumble 13% from last week’s peak. Derivative market reports link the DOGE rally to Gary Gensler’s imminent exit.