Russia Consumer Price Index (MoM) registered at -0.3%, below expectations (-0.2%) in June

EUR/USD reverses course and grinds higher above 1.1550 in the European session on Monday. The pair recovers ground as risk sentiment improves on potential US government reopening, which caps the upside in the safe-haven US Dollar. Eurozone Sentix data and US shutdown updates are in focus. 

GBP/USD is off the lows, keeping its range near 1.3150 in European trading on Monday. The US Dollar struggles to regain traction amid risk appetite, induced by optimism over the US government reopening. Meanwhile, Pound Sterling traders await BoE-speak for further directives. 

Gold price extends the advance toward $4,100 in European trading hours on Monday. The precious metal edges higher amid growing uncertainty over the US economic outlook and Fed rate cut expectations, despite the optimsim over the potential end to the US government shutdown. 

Bitcoin, Ethereum, and Ripple traded higher on Monday after rebounding from key support levels the previous week. The top three cryptocurrencies suggest further recovery, as momentum indicators signal a fading bearish trend. 

If you’ve been following financial media over the past few weeks, you’ve probably seen the debate about whether the current AI-fuelled rally is a bubble. I’ve said many times that I believe it is—but the bubble question is almost secondary to a more immediate issue: what AI is about to do to jobs.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) traded higher on Monday after rebounding from key support levels the previous week. The top three cryptocurrencies suggest further recovery, as momentum indicators signal a fading bearish trend.