Forex Analysis
Gold price bounces off a one-and-a-half week low, around the $3,246-3,245 area touched during the Asian session on Thursday, though it remains in negative territory for the fourth straight day. The news that a federal court blocked President Trump's trade tariffs from going into effect boosts investors' confidence and weighs heavily on traditional safe-haven assets, including bullion.
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Stocks
EUR/USD is sitting at year-to-date (YTH) highs near 1.1050 in the European session on Monday. The softer US Dollar, amid heightening Fed rate cut expectations, upbeat risk tone and USD/JPY sell-off, underpins the pair. The focus stays on Fedspeak, in the face of a data-sparse calendar.
In-Depth Analysis
BTC continues to rise after briefly dipping below the $30,000 level. Musk reveals his opinions on the big crypto since Tesla stopped accepting BTC payments. Core Scientific mining firm announced its plans to list on the NASDAQ.
