EUR/USD is consolidating near 1.1700 as rate-cut expectations for the Federal Reserve boost bullish momentum, though key resistance at 1.1800 remains a critical breakout point.

The US Dollar (USD) extended last week’s slide, with the US Dollar Index (DXY) dipping to two-week lows under the 98.00 mark and stretching its retreat from August’s push above the key 100.00 level.

Spot Gold trades near its Friday peak at $3,378.91, consolidating gains yet confined to a tight intraday range at the beginning of the week. The US Dollar (USD) posted a modest intraday advance at the beginning of the day, a corrective advance that followed last week’s sell-off.

Shrinking profit margins, a dismal return on invested capital, and slowing revenues hint at more issues ahead. Did earnings manifest a bearish case?

Gold is keeping its range around the $4,200 mark, as the bull-bear tug-of-war extends into a third trading day on Friday.