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EUR/USD remains above 1.0750, descending channel pattern
EUR/USD inches lower for the second successive day, trading around 1.0780 during the early Monday. A review of the daily chart shows that the pair tests the upper boundary to return to the descending channel pattern. which could reinforce a bearish bias for the pair.
GBP/USD: The bearish outlook remains in play below 1.2950
The GBP/USD pair extends the decline to around 1.2945 during the early European session on Monday. A bullish US Dollar on the back of bets for a less aggressive easing by the Federal Reserve drags the pair lower.
Gold buyers turn cautious, as a Big week kicks in
Gold price has lost its two-day recovery momentum, trading below $2,750 amid a quiet start to a big week on Monday. Gold buyers did find acceptance above the $2,740 static resistance on Friday but the further upside appears elusive on resurgent US Dollar demand.
Cardano Price Forecast: On-chain metrics and technical outlook signal bearish trend
Cardano is trading slightly down around $0.33 on Monday, struggling against resistance from its previously broken ascending trendline. Declining daily trading volume reinforces a bearish outlook, indicating reduced trader interest and liquidity in the ADA chain.
US elections: The race to the White House tightens
Trump closes in on Harris’s lead in the polls. Neck and neck race spurs market jitters. Outcome still hinges on battleground states.
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