Fundamental

GBP/USD moves sideways above 1.3450 after gaining more than 1% in the previous week. The pair’s technical outlook points to overbought conditions in the near term.

The USD/CAD pair trades with a positive bias for the third straight day on Monday, though it lacks follow-through and remains confined in a range held over the past week or so.

Will peace return to the old continent? That may still take time, but the Trump-Putin summit in Alaska is undoubtedly spinning heads. For markets, any tenth of a percentage in US inflation data is critical – and there’s more in store. 

After ending the previous week modestly higher, EUR/USD stabilizes on Monday and fluctuates at around 1.1650 in the European session. The technical outlook suggests that the bullish bias remains intact but doesn’t yet point to a buildup of momentum.

With tariff concerns still lingering, central banks are expected to step in this week to shore up their economies with further rate cuts. Both the RBA and the BoT are seen trimming their policy rates by 25 basis points, while the Norges Bank faces a closer call after its surprise cut in June.

Gold prices stay strong above $3,378 support as tariff tensions, central bank demand, and bullish technicals keep $3,500 in focus.