EUR/USD
The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day.
GBP/USD
The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.
USD/JPY
The Japanese Yen (JPY) extends its steady intraday ascent through the Asian session on Monday, dragging the USD/JPY pair to the 155.00 psychological mark in the last hour. Against the backdrop of the recent shift in rhetoric from Bank of Japan (BoJ) Governor Kazuo Ueda, an improvement in business confidence reaffirms market bets for an imminent rate hike this week. Apart from this, a slight deterioration in the global risk sentiment turns out to be another factor underpinning the JPY’s safe-haven status.
AUD/USD
The Australian dollar is often treated as a proxy for global risk appetite and Asian growth. When AUD strengthens, it usually reflects improving sentiment around equities, commodities, and China-linked demand. That relationship still holds. But at the moment, AUD/USD is being pulled by both technical optimism and macro uncertainty, which makes this breakout fragile rather than decisive.
NZD/USD
The NZD/USD pair loses ground to around 0.5780 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar following the downbeat Chinese economic data. Federal Reserve (Fed) officials are set to speak later in the day, including Fed Governor Stephen Miran and New York Fed President John Williams. The delayed US Nonfarm Payrolls (NFP) report for October will be the highlight on Tuesday.
USD/CAD
The USD/CAD pair trades vulnerably near its almost three-month low around 1.3750 during the late Asian trading session on Monday. The Loonie pair has been under pressure, struggling to regain ground as the US Dollar (USD) underperforms, with investors assessing the United States (US) interest rate outlook for 2026.
USD/CHF
The Swiss Franc is drawing support from the Swiss National Bank’s (SNB), monetary policy decision. The USD/CHF has turned lower from levels near the 0.8000 line, and is testing fresh three-week lows at 0.7985 at the time of writing, after having depreciated nearly 1% in the last three days.
CRUDE OIL
Oil prices climbed on Monday as supply disruptions linked to escalating U.S.-Venezuela tensions outweighed oversupply worries and the impact of a potential Russia-Ukraine peace deal.
Gold price (XAU/USD) climbs to seven-week highs to near $4,350 during the early European trading hours on Monday. The precious metal extends its upside amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal. Additionally, uncertainty and the risk-off sentiment could boost the safe-haven flows, benefiting the yellow metal price.
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