Forex
The Japanese Yen (JPY) trades firmer against the US Dollar (USD) on Monday, as Japanese officials stepped up verbal warnings against excessive currency moves, underscoring growing unease over the Yen’s recent weakness.
Forex
The Euro (EUR) trades on the back foot against the British Pound (GBP) on Monday, as Sterling firmed against its major peers following the release of the United Kingdom’s Q3 Gross Domestic Product (GDP) report.
Forex
EUR/USD trades around 1.1740 on Monday at the time of writing, up 0.25% on the day.
Forex
The AUD/USD pair is up 0.45% to near 0.6640 during the European trading session on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers, despite traders remaining confident that the Federal Reserve (Fed) will not cut interest rates in the first policy meeting of 2026.
Forex
EUR/JPY trades around 184.70 on Monday at the time of writing, showing little change on the day, in an environment shaped by diverging signals from the Eurozone and Japan.
Commodities
Silver (XAG/USD) prolongs its recent well-established uptrend and climbs to a fresh record high, around the $69.45 area, during the Asian session.
Commodities
Global stocks are rising, fueled by year-end optimism, though European markets are set for a cautious open amidst holiday slowdowns and geopolitical worries in Ukraine. The Japanese yen remains weak near record lows, boosting the Nikkei. Commodities shine with silver hitting a new record high and gold breaching $4400/oz. Oil prices are also up due to rising geopolitical risk with Venezuela. The focus remains on central bank policy expectations and economic data.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.65 during the early European trading hours on Monday. The WTI price rises after US President Donald Trump said that he will not rule out war with Venezuela, raising fresh supply uncertainty.
Forex
The EUR/GBP cross attracts some sellers to around 0.8745 during the early European session on Monday.
Forex
USD/CHF pares its recent gains from the previous session, trading around 0.7940 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) struggles ahead of Tuesday’s release of the US third-quarter Gross Domestic Product Annualized for the third quarter.
