Fundamental

EUR/USD shows moderate losses on Monday, although it remains steady at four-month highs near 1.1860 at the time of writing, after peaking at 1.1876 earlier on the day.

GBP/USD started the week on a firm footing and continued to trade strongly as disputes between the United States (US) and the European Union (EU) over the purchase of Greenland battered the US Dollar (USD) significantly.

Once again, geopolitical woes were at the top of the list of market movers, and the outcome was not good for the US Dollar (USD). The Greenback was hit by uncertainty triggered by United States (US) President Donald Trump’s decisions.

Gold (XAU/USD) started the week on a strong footing and gathered bullish momentum, reaching a new record-high of $4,967 in the Asian session on Friday.

Tensions between the USA and the EU seem to have resolved, but war drums continue to beat over Iran, as high volatility finally returns to the Forex market, while Silver and Gold soar to new record highs.

The EUR/USD jumped on Friday and went into the weekend around the 1.18263 ratio, this after trading near highs which were testing the 1.17500 resistance mark most of the week.