FxAnalysis

EUR/USD shows cautious bullish momentum near 1.1800, but thin holiday liquidity and mixed US data may limit follow-through without a confirmed breakout.

Gold breaks above $4,500 to a new record high, driven by US dollar weakness, escalating geopolitical tensions, and expectations of future interest rate cuts.

USD/ILS slips into lower territory below 3.20, reflecting sustained Israeli shekel strength while holiday-thinned liquidity urges trader caution.

USD/MYR continues its bearish trajectory toward the 4.00 level, driven by sustained ringgit strength, weakening USD sentiment, and very thin holiday trading volumes.

The Canadian dollar extends gains as USD/CAD breaks key support, with downside risk toward 1.3550 while broader US dollar weakness remains the main driver.

Financial markets are on pause as the Christmas holidays begin.