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Editors’ Picks
EUR/USD declines toward src.0650 ahead of Trump-Zelensky meeting
EUR/USD stays under modest bearish pressure and declines toward src.src650 on Monday. Traders prefer to stay on the sidelines and refrain from placing fresh bets on the major ahead of the Trump-Zelensky meeting on the Ukraine peace deal after no agreement was reached between the US and Russia over the weekend.
GBP/USD retreats below src.3550 as markets turn cautious
GBP/USD trades in negative territory below src.3550 in the second half of the day on Monday. The US Dollar benefits from the risk-averse market atmosphere as markets await the headlines coming out of the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky later in the day.
Gold clings to modest recovery gains near $3,350
Gold struggles to gather bullish momentum and clings to moderate gains at around $3,350 on Monday. The cautious market stance ahead of the critical Trump-Zelenskyy meeting helps XAU/USD hold its ground despite the US Dollar’s bullish beginning to the week.
Five reasons why Trump’s trade war is likely to escalate
Buoyant markets, a resilient US economy, rising customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by an estimated 0.7pps in the medium term.
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