The US dollar stays steady; XAUUSD is stuck in a tight $4,700–$4,750 range; EURUSD looks tired near the 1.17500 level; Bitcoin climbed to $79,600 but dropped by $2,000.
- The US dollar holds like a center of gravity ahead of this week’s rate decisions.
- XAUUSD consolidates with false breakouts.
- EURUSD moves with the USD direction.
- Bitcoin faced some spikes in activity throughout the weekend, but remains unusually calm this morning.
FX snapshot
XAUUSD
Gold is treated like a suspended safe haven with no strong moves each way.
EURUSD
The pair didn’t show amplitudes either.
BTC
Crypto is also waiting on macro signals as volatility squeezes.
Market sentiment
The market anticipates all the major central banks to keep their rates on hold this week. However, the overall mood turns toward two 25 bp hikes each regulator would be obliged to make later this year, should the Gulf tensions persist for longer. Market participants know the next move might be sharp, but for now, there’s no clear trigger.
