Trading news

The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday.

Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank's renovation of its Washington headquarters and whether Powell lied to Congress about the project's scope, the New York Times reported on Sunday. 

EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles amid dovish Federal Reserve (Fed) expectations.

Australia ANZ Job Advertisements increased to -0.5% in December from previous -0.8%

Gold price ( XAU/USD) rises to a fresh all-time high near $4,555 during the early Asian session on Monday. The precious metal extends its upside amid safe-haven demand and expectations of a US interest rate cut.

US President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country, CNN reported on Sunday. The sources said Trump considers following through on his recent threats to strike the Iranian regime should it use lethal force against civilians.

A group of European nations, headed by the United Kingdom (UK) and Germany, is discussing plans to increase its military presence in Greenland to show US President Donald Trump that the continent is serious about Arctic security, Bloomberg reported on Sunday.

The USD/JPY pair gains ground near 158.05 during the early Asian session on Monday.

Japan’s Prime Minister Sanae Takaichi may call an early general election, the head of her party's coalition partner said on Sunday, after Reuters reported that snap election could be held as early as February.

EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar.

United States CFTC Gold NC Net Positions declined to $227.6K from previous $2312K

Australia CFTC AUD NC Net Positions climbed from previous $-212K to $-19K

United Kingdom CFTC GBP NC Net Positions: £-30.5K vs £-332K

United States CFTC Oil NC Net Positions: 57.4K vs previous 646K

United States CFTC S&P 500 NC Net Positions rose from previous $-944K to $-106.1K

Eurozone CFTC EUR NC Net Positions down to €162.8K from previous €1575K

Japan CFTC JPY NC Net Positions: ¥8.8K vs previous ¥141K

Japan CFTC JPY NC Net Positions down to ¥88K from previous ¥141K

Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable.

The Canadian Dollar (CAD) trades little changed against the British Pound (GBP) on Friday, with GBP/CAD struggling to find direction as traders show a muted reaction to Canada’s latest employment report. At the time of writing, the pair trades around 1.8636, hovering near one-month highs.