The Euro is still struggling in the aftermath of a more hawkish leaning Fed communication and unsettling European election results. Looking ahead, key standouts on the calendar come from an ECB Lagarde speech, Eurozone wage growth, Canada housing starts, New York Empire manufacturing, and some Fed speak.

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EUR/USD holds steady at around 1.0850 ahead of Powell's testimony

EUR/USD holds steady at around 1.0850 ahead of Powell's testimony

EUR/USD started the week with a bearish gap as markets reacted to France election outcome. The pair, however, managed to find its footing and stabilized near 1.0850, with investors refraining from taking large positions ahead of Fed Chairman Powell's testimony on Tuesday.

EUR/USD News

GBP/USD climbs to multi-week highs near 1.2850

GBP/USD climbs to multi-week highs near 1.2850

GBP/USD regained its traction and advanced to its highest level since mid-June above 1.2800. The US Dollar struggles to find demand as market focus shifts to Fed Chairman Powell's congressional testimony, allowing the pair to stretch higher.

GBP/USD News

Gold declines toward $2,370 despite USD weakness

Gold declines toward $2,370 despite USD weakness

After posting impressive gains on Friday, Gold stays under bearish pressure and falls toward $2,370 on Monday. Reports of  China's Central Bank pausing Gold purchases for the second straight month in June weighs on XAU/USD.

Gold News

Crypto Today: Bitcoin recovers even as German government BTC transfers continue, Ethereum and XRP looking up

Crypto Today: Bitcoin recovers even as German government BTC transfers continue, Ethereum and XRP looking up

Bitcoin trades above $57,000 on Monday even as investors remain fearful amid mounting pressure of German BTC transfers. Ethereum trades above the psychologically important $3,000 level as ETH traders anticipate Spot ETF approval by the SEC. 

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Five fundamentals for the week: Powell's powerful testimony, politics and inflation figures stand out Premium

Five fundamentals for the week: Powell's powerful testimony, politics and inflation figures stand out

How fast is the US economy slowing? That remains the question for investors, eager to see rate cuts – but fearful of recession. After Nonfarm Payrolls figures showed weakness on Friday, a response from the US central bank and inflation data is of interest.

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