Daily market news

EUR/USD shows marginal gains on Monday, trading near 1.1650, after giving away most ot the daily gains during the European morning session.

EUR/USD is steady near 1.1650 as ECB’s Isabel Schnabel signals comfort with markets pricing in a potential future rate hike, BBH FX analysts report.

EUR/JPY trades around 181.10 on Monday, up 0.15% at the time of writing, as fundamental momentum turns more favorable for the Euro (EUR) at the start of the week.

AUD/USD has pushed higher after reclaiming the 200-DMA and breaking a multi-year trend line, with the pair approaching the 0.6685-0.6710 resistance zone, Société Générale's FX analysts note.

The US Dollar remains in a strongly bearish trend against the Canadian Dollar. The pair lost nearly 2% in the last two weeks, and upside attempts remain limited.

The EUR/GBP cross gains traction to near 0.8750, snapping the three-day losing streak during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the German Industrial Production data.

Here is what you need to know on Monday, December 8:

Silver (XAG/USD) lacks a firm intraday directional bias on Monday and seesaws between tepid gains/minor losses through the Asian session.

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.

On Friday, the EUR/USD remained steady, poised to finish the week with gains of 0.39%, trade subsided capped by the 1.1650 figure as traders eyed the Federal Reserve’s decision next week.