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EUR/USD flatlines below 1.1200 ahead of German inflation data, Powell
EUR/USD is oscillating below 1.1200 in the early European morning on Monday. The pair lacks a fresh directional impetus, awaiting the flash German CPI data and Fed Chair Powell's speech. More Chinese stimulus efforts keep risk sentiment in a sweeter spot amid Mideast risks.
GBP/USD grinds higher to 1.3400 as USD struggles ahead of Powell
GBP/USD grinds higher to near 1.3400 in early Europe on Monday. China's stimulus-led risk appetite, a subdued US Dollar and Fed-BoE policy divergence lend support to the pair. Traders shift their focus toward Fed Chair Jerome Powell's speech due later on Monday.
Gold down but not out as Powell speech looms
Gold price is holding the previous corrective downside near $2,650 in Asian trades on Monday, shrugging off another Chinese stimulus-driven upbeat market sentiment. Traders refrain from placing fresh directional bets on Gold price ahead of US Federal Reserve Jerome Powell’s speech due later on Monday.
Bitcoin faces resistance around $66,000
Bitcoin is at a critical resistance point, and a close above this level could signal further gains. At the same time, Ethereum and Ripple are gaining momentum as they establish support and break through their key levels, hinting at potential rallies ahead.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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