Economists at MUFG Bank expect the EUR/USD pair to enjoy further gains in the coming months. Room for EUR/USD rebound to extend.“The narrowing policy divergence between the ECB and Fed in the coming months should continue to encourage a further move higher for EUR/USD.”
“The pair is currently in the process of moving into a higher trading range between 1.1000 and 1.1500.” EUR/USD clings to gains around 1.1050 after EU Sentix data
EUR/USD is clinging to gains near 1.1050 in the early European trading hours. Downbeat Eurozone Sentix Investor Confidence data fails to deter Euro bull, as the pair remains supported by a broadly weaker US Dollar. All eyes now remain on the Fed’s Loan Officer Survey.
GBP/USD holds higher ground near 1.2650
GBP/USD has declined toward mid-1.2600s from the one-year high it set at 1.2670 earlier in the day on Monday. The cautious market stance ahead of the Fed’s Loan Officer Survey limits the pair’s upside but the overall market action remains subdued.
Gold sticks to gains near daily top, around $2,025 region
Gold price regains some positive traction on the first day of a new week and builds on Friday’s late bounce from levels just below the $2,000 psychological mark. The XAU/USD sticks to its gains through the first half of the European session and is currently placed near the top end of its daily trading range.
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