Trading news

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.

NZD/USD trades around 0.5790 on Monday at the time of writing, up 0.60% on the day, after rebounding from the 0.5735 two-week low reached on Friday.

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.

Federal Reserve (Fed) Member of the Board of Governors Stephen Miran said that the last few months have seen data consistent with his view of the world and that he doesn’t see a recession in the near term. He declared in an interview for Bloomberg TV on Monday.

Silver (XAG/USD) extends its bullish momentum on Monday and trades around $69.05 at the time of writing, up 2.75% on the day, after hitting a fresh all-time peak at $69.47 earlier in the day.

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.

Canada Industrial Product Price (MoM) registered at 0.9% above expectations (0.3%) in November

Canada Raw Material Price Index came in at 0.3%, below expectations (0.6%) in November

United States Chicago Fed National Activity Index dipped from previous -0.12 to -0.21 in September

EUR/USD trades around 1.1740 on Monday at the time of writing, up 0.25% on the day.

Gold (XAU/USD) surges to fresh record highs on Monday, as escalating geopolitical tensions bolster safe-haven demand. At the time of writing, XAU/USD is trading around $4,413, up about 1.70% on the day, after breaking above the October 21 peak near $4,381.

DBS Bank research team provides insights into the economic outlook for Asia and ASEAN in 2026, highlighting resilience despite global trade tensions.

European Central Bank (ECB) General Council member and Governor of the Croatian National Bank said in the European trading session on Monday that risks to inflation and growth are more balanced, and the next move on interest rates could be in either direction.

The AUD/USD pair is up 0.45% to near 0.6640 during the European trading session on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers, despite traders remaining confident that the Federal Reserve (Fed) will not cut interest rates in the first policy meeting of 2026.

HSBC analyzes the implications of the Bank of England's (BoE) recent rate cut on the British pound (GBP). The report notes that the BoE's ongoing easing cycle may lead to the GBP underperforming against other currencies like the AUD and NZD, which are expected to see rate increases.

EUR/JPY trades around 184.70 on Monday at the time of writing, showing little change on the day, in an environment shaped by diverging signals from the Eurozone and Japan.

HSBC's report discusses the European Central Bank's (ECB) decision to maintain its key deposit rate at 2% and its implications for the euro.

In a recent report by MUFG, Derek Halpenny discusses the rising intervention risks in Japan's financial markets due to the ongoing sell-off in Japanese Government Bonds (JGBs).

ING's Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE, and Min Joo Kand, Senior Economist, discuss the Bank of Japan's recent 25bp hike and the outlook for future rate increases.

European Central Bank (ECB) policymaker and governor of the National Bank of Slovakia, Peter Kažimír, said during the European trading session on Monday that risks to outlook are narrower, more balanced, adding that he is more cautious about rather subdued long-term growth prospects.