Forex
GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks.
Commodities
Gold (XAU/USD) is surging, up 66% YTD, on heightened geopolitical risk (Russia-Ukraine, US-Venezuela, Israel-Iran) and soft US data hinting at aggressive rate cuts. The price breached $4450/oz, eyeing $4500. The technical picture is decent but overbought.
Forex
The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.
AUD/USD & NZD/USD Analysis: Both currencies are leading the FX session as Markets begin the Christmas Week.
We break down the AUD/NZD High timeframe trends, commodity drivers, and key technical levels for the Christmas trading week.
Forex
The Canadian Dollar (CAD) edges higher against the US Dollar (USD) on Monday amid a softer Greenback. At the time of writing, the pair is trading around 1.3740, down about 0.4% on the day and holding close to September lows.
Commodities
Palladium (XPD/USD) Technical Analysis: After lagging major peers, Palladium ignites a massive catch-up rally as the debasement trade widens. We explore the critical industrial drivers—from AI hardware to auto catalysts—fueling this move. We break down the technical structure to see if the metal can reclaim historic highs.
Forex
GBP/USD rallies during the North American session on Monday, up by 0.59% after the latest data in the UK showed that the economy grew as expected amid thin liquidity trading as investors brace for Christmas eve holiday.
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.
