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EUR/USD stays defensive near 1.0550 amid a cautious start to the week

EUR/USD stays defensive near 1.0550 amid a cautious start to the week

EUR/USD stays defensive near 1.0550 in Monday’s European session. The pair remains undermined by the re-emergence of the Russia-Ukraine geopolitical risks even though the US Dollar stalls its uptrend. Divergent ECB-Fed policy outlooks also weigh on the pair ahead of central banks' talks.

EUR/USD News
GBP/USD defends 1.2600 on subdued US Dollar

GBP/USD defends 1.2600 on subdued US Dollar

GBP/USD defends minor bids above 1.2600 in the early European session on Monday. A broadly subdued US Dollar and less dovish BoE policy outlook support the pair amid cautious market mood, induced by resurfacing Russia-Ukraine conflict. BoE- and Fed-speak eyed. 

GBP/USD News
Gold price faces rejection near $2,600; bulls remain on the sidelines despite softer USD

Gold price faces rejection near $2,600; bulls remain on the sidelines despite softer USD

Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday. 

Gold News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates after a new all-time high

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates after a new all-time high

Bitcoin (BTC) price remains in a consolidation phase after reaching a new all-time high of $93,265 last week. Ethereum's (ETH)  price is nearing its support level; a close below would cause a further price decline, while Ripple's (XRP) price shows bullish momentum as it tests and potentially breaks key resistance.

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Week ahead: Preliminary November PMIs to catch the market’s attention

Week ahead: Preliminary November PMIs to catch the market’s attention

With the dust from the US elections slowly settling down, the week is about to reach its end and we have a look at what next week’s calendar has in store for the markets. On the monetary front, a number of policymakers from various central banks are scheduled to speak.

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