The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, just above mid-1.0500s during the Asian session. Th
EUR/USD struggles for a firm direction and oscillates in a narrow band on Monday. The risk-on impulse undermines the safe-haven USD and lends support to the pair. Expectations that further ECB rate hikes may be off the table undermine the Euro.Gold price extends its downside and trades in negative territory for the sixth consecutive day during the early Asian trading hours on Monday. The renewed US Dollar demand exerts some selling pressure on USD-denominated XAU/USD price.
Polkadot price seems to be ending its downtrend after shedding 92.91% in the last two years from its all-time high of $55.09. In the last three days, DOT has inflated by 3.3%, breaching a declining trendline and confirming the potential start of an uptrend.Dollar cruises higher, nonfarm payrolls on Friday will be crucial for this rally. Early indicators point to another solid month for the US labor market. Central bank decisions in Australia and New Zealand will also be in focus.
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