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Editors’ Picks
EUR/USD holds steady below 1.0700
EUR/USD trades in a very tight range below 1.0700 on Monday as trading conditions remain thin with major markets remaining closed in observance of the New Year holiday. S&P Global will release December Manufacturing PMI surveys for Germany and the Eurozone.
GBP/USD fluctuates in tight range below 1.2100
Following the modest rebound witnessed on the last trading day of 2022, GBP/USD stays under subtle bearish pressure and trades below 1.2100 early Monday. Trading action is likely to remain subdued until trading conditions normalize on Tuesday.
Gold bulls need validation from $1,835
Gold struggle for clear directions amid holiday mood. US Dollar Index rebounds amid risk-negative headlines surrounding China, pre-data caution. Fed Minutes, US NFP will be crucial as gold struggles around key resistance.
