EUR/USD
The EUR/USD pair attracts heavy selling for the second straight day and dives to a nearly four-week trough, around the 1.1670 region, during the Asian session on Monday. Bearish traders now await a sustained break below the 100-day Simple Moving Average (SMA) before positioning for an extension of the recent pullback from a three-month top, or levels just above the 1.1800 mark touched on December 24.
GBP/USD
The GBP/USD pair opens with a modest bearish gap at the start of a new week and trades just below mid-1.3400s during the Asian session, down 0.10% for the day. Spot prices, however, lack follow-through selling and manage to hold above last week’s swing low amid mixed fundamental cues.
USD/JPY
The USD/JPY pair trades in positive territory for the fourth consecutive day around 157.00 during the early European session on Friday. The cautious pace of the Bank of Japan’s (BoJ) monetary tightening weighs on the Japanese Yen (JPY) against the Greenback. Traders will take more cues from the US Nonfarm Payrolls (NFP) report for December, which is due next week.
AUD/USD
The AUD/USD price attracts some sellers near 0.6685 during the early Asian session on Monday. A fresh surge in geopolitical risk after the United States (US) capture of Venezuelan President Nicolas Maduro boosts safe-haven currencies like the US Dollar (USD) against the Australian Dollar (AUD). Later on Monday, traders will keep an eye on the release of the Chinese RatingDog Services Purchasing Managers Index (PMI) and the US ISM Manufacturing PMI data.
NZD/USD
The NZD/USD pair attracts some sellers to around 0.5755 during the early European session on Monday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) on the global flight to safety, bolstered by rising geopolitical tensions. The US ISM Manufacturing Purchasing Managers Index (PMI) data will be in the spotlight later on Monday. The attention will shift to the US December employment report on Friday.
USD/CAD
The USD/CAD pair edges higher to near 1.3770 during the early European session on Monday. Nonetheless, a rise in crude oil prices following the United States’ (US) capture of Venezuelan President Nicolas Maduro could lift the commodity-linked Loonie against the US Dollar (USD).
USD/CHF
The USD/CHF pair trades 0.15% higher to near 0.7930 during the Asian trading session on Monday. The Swiss Franc pair gains as the US Dollar (USD) trades higher amid risk-off market sentiment, following the United States’ (US) strike on Venezuela and the capture of President Nicolas Maduro to face drug-trafficking charges in New York.
CRUDE OIL
Oil prices drifted lower on Monday, as adequate global supplies offset concerns about supply disruptions after the United States captured Venezuelan President Nicolas Maduro in an audacious raid over the weekend.
Gold (XAU/USD) builds on its intraday move higher beyond the $4,400 mark and climbs to a four-day high during the early European session on Monday amid the global flight to safety. Geopolitical tensions escalated after the US launched land strikes on Venezuela, leading to the capture of its President, Nicolás Maduro, and his wife. Furthermore, US President Donald Trump’s confrontational rhetoric toward Colombia and Mexico raised concerns about regional instability in Latin America, boosting demand for the traditional safe-haven commodity.
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