America’s Roundup: Dollar soft, euro, sterling hit new highs,Wall Street ends mixed, Gold climbs, Oil retreats 
Market Roundup
•01:00 CNY PBoC Loan Prime Rate (Dec) 3.50%, 3.50% forecast, 3.50% previous
•01:00 CNY PBoC Loan Prime Rate 3.00%, 3.00% forecast, 3.00% previous
Looking Ahead Economic Data (GMT)
•08:00 Swiss M3 Money Supply (Nov) 12,03,015.0B previous
•10:00 Italian PPI (YoY) (Nov): 0.1% previous
•10:00 Italian PPI (MoM) (Nov): -0.2% previous
Looking Ahead Events And Other Releases (GMT)
•No events Ahead
Currency Forecast
EUR/USD : The euro edged higher against the dollar on Monday recovering from of the previous week after the European Central Bank left monetary policy unchanged and signalled that further rate cuts were unlikely for at least another year. Money markets currently show that traders expect euro zone rates to remain unchanged through 2026, with a roughly 50/50 chance of a first increase by around April 2027. ECB President Christine Lagarde, in her post-decision press conference, maintained her view that the central bank is in a good position with its monetary policy. Financial markets are likely to remain subdued as traders book profits ahead of the long holiday period.. Immediate resistance can be seen at 1.1766(Daily high), an upside break can trigger rise towards 1.1795(23.6%fib).On the downside, immediate support is seen at 1.1705(Daily low), a break below could take the pair towards 1.1649(50%fib).
GBP/USD: Sterling edged higher against the dollar on Monday as investors digested UK GDP data. Britain's economy grew by 0.1% in the July-to-September period of this year, the Office for National Statistics said on Monday, in line with its initial estimate.Growth in the second quarter was revised down to 0.2% from a previous estimate of 0.3%, the Office for National Statistics said.Last week the Bank of England said it expected zero GDP growth in the October-to-December period but it thought that the underlying pace of economic growth was around 0.2% per quarter. Monday’s data showed that Britain's GDP in the third quarter was 1.3% higher than a year ago - unchanged from the ONS's initial estimate - while on a per capita basis, output was 0.9% higher than the year before. Immediate resistance can be seen at 1.3450(23.6%fib), an upside break can trigger rise towards 1.3480(Higher BB).On the downside, immediate support is seen at 1.3369(38.2%fib), a break below could take the pair towards 1.3304(50%fib).
AUD/USD: The Australian dollar edged higher against greenback on Monday as investors awaited the RBA’s December meeting minutes for clearer policy guidance. Attention turns to the RBA’s December monetary policy meeting minutes, due at 00:30 GMT on Tuesday, which may offer clearer insight into the central bank’s inflation outlook and rate bias.Meanwhile,U.S. macro data will be in focus this week, including Q3 GDP, October durable goods orders, and November industrial production, all of which could influence near-term USD direction.Australian dollar has risen 7% this year against greenback, ending four straight years of losses, supported by a weaker U.S. dollar and expectations the RBA may resume rate hikes next year. Immediate resistance can be seen at 0.6633(38.2%fib), an upside break can trigger rise towards 0.6682(23.6%fib).On the downside, immediate support is seen at 0.6591(50%fib), a break below could take the pair towards 0.6576(SMA 20)
USD/JPY: The U.S. dollar eased from a one-month high against yen as Japan’s top currency diplomat signaled potential intervention, prompting traders to reduce long-dollar positions. Atsushi Mimura said authorities would take “appropriate” action against excessive FX moves, warning that intervention remains possible following last week’s central bank meeting, which triggered renewed yen weakness. His comments echoed Finance Minister Satsuki Katayama’s warning that Japan would act against speculative yen movements amid rising import costs and household expenses.The BOJ raised rates to 0.75% from 0.5% on Friday, the highest in 30 years, narrowing the gap with the U.S. Federal Reserve. Market participants now await the BOJ meeting minutes on Wednesday, while the central bank governor is scheduled to speak to a Japanese business lobby on Christmas Day.. Immediate resistance can be seen at 157.80(23.6%fib) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 155.91 (SMA 20) a break below could take the pair towards 155.61 (38.2%fib).
Equities Recap
Asian shares rose broadly on Monday, following tech-driven gains on Wall Street and benefiting from positive investor sentiment.
China’s A50 up 0.85%,Japan’s Nikkei 225 was up 1.84%,Hang Seng was up 0.41%
Commodities Recap
Oil prices rose on Monday after U.S. officials intercepted an oil tanker in international waters off Venezuela, heightening concerns over global supply disruption..
Brent crude futures rose 46 cents, or 0.8%, to $60.93 per barrel by 0400 GMT, while U.S. West Texas Intermediate crude climbed 46 cents, or 0.8%, to $56.98.
Gold prices surged to a record high on Monday amid rising expectations of further U.S. interest rate cuts and strong safe-haven demand, while silver also joined the rally, hitting an all-time peak.
Spot gold rose 1.2% to a record $4,391.92 an ounce, while spot silver climbed 2.7% by 0344 GMT to hit a historic high of $69.23.
