EUR/USD fluctuates in a narrow channel below 1.1900 in the European session on Monday after posting small gains in the previous week.

The USD/JPY pair gains some positive traction at the start of a new week and moves away from its lowest level since January 28, around the 152.30-152.25 region, touched last Thursday.

Some impressive US data should have resulted in a much stronger USD. Well, it didn’t happen.

The Pound Sterling (GBP) failed to resist at higher levels against the US Dollar (USD), but buyers held their ground amid a US data-busy blockbuster week.

Gold is on the defensive but holds the $5,000 threshold in early trading on Monday. Market holidays in the United States (US) and China leave the bright metal trading listlessly, so far.

Gold (XAU/USD) started the week on a bullish note and climbed above $5,000 before declining sharply and erasing its weekly gains on Thursday, only to recover heading into the weekend. Investors await growth and business activity data from the US, while keeping an eye on the broad market mood.