Fundamental

The EUR/USD pair started the week with a positive bias, advancing beyond the 1.1750 mark during European trading hours.

After ending the previous week modestly higher, GBP/USD holds its ground and edges higher toward 1.3600 in the European morning on Monday.

The AUD/USD pair regains positive traction at the start of a new week and climbs back closer to the year-to-date (YTD) peak during the early part of the European session.

EUR/USD fluctuates in a very tight range above 1.1700 in the European session on Monday after ending the previous week marginally higher.

Inflation is not too hot, but the job market is more worrying – that is the growing narrative about the US economy. Now, the Federal Reserve (Fed) is set to cut rates, in a decision with many moving parts. And there’s more in store.

EUR/USD remains rangebound between 1.16–1.18, with cautious sentiment ahead of the Fed’s rate cut decision and euro risks heightened by France’s downgrade.