Analyzes

The British pound failed to break above 1.32 on Monday, reinforcing resistance and suggesting further downside toward 1.30 and possibly 1.2750 amid rate cut expectations.

Bitcoin failed to hold early Monday gains, forming a bearish shooting star near $100K, with continued consolidation expected between $93K and $108K.

The U.S. dollar is forming a potential base above 0.80 against the Swiss franc, with upside targets at 0.8218 and 0.85 supported by interest rate differentials.

Gold is flirting with the $4,150 barrier early Tuesday, sitting at the highest level in three months. The focus now turns to the US ADP weekly jobs report amid a potential end to the government shutdown.  

EUR/USD couldn’t find much direction at the start of the week, hovering around the 1.1550–1.1560 band after once again running out of steam near the key 1.1600 barrier.

Spot Gold surged on Monday, briefly surpassing the $4,100 mark, holding nearby in the mid American afternoon. Easing demand for the US Dollar (USD) on prospects that the United States (US) government shutdown may end soon underpinned the bright metal despite an upbeat mood.