EUR/USD is trading at 1.1180 down 0.11% from the close of the previous day. In Monday’s European trading, A slight increase in the value of the US dollar and a cautious risk appetite cause the pair to feel pressured. The EUR/USD pair has been trading bullishly for over a week on a daily chart due to the weak US dollar. The closest support is 1.1110, and the closest resistance is 1.1205. The EUR/USD cross daily high was created on December 28, 2024.

US30   is trading at 41186, 0.01% up since previous day close. Following Federal Reserve Chair Jerome Powell’s statement that the “time has come” for monetary policy easing, US benchmark equity indexes increased on Friday. At 41,175.1, the Dow Jones Industrial Average increased by 1.1%.  Following Powell’s speech, traders speculated that rates may be cut by 0.25-0.50 basis points, which would lower borrowing costs. the potential for both resistance and support 40900–41700.

XAUUSD is trading at 2509, 0.07% down since previous day close. After posting a weekly gain for the second time in a row and retreating toward the all-time high of $2,532, gold buyers take a break. Possible rate cuts by the Fed in September give hope that the commodity markets, particularly gold, will continue to be bullish. Gold has been rising since August, and the break of the $2500 barrier has kept prices in the green, indicating that 2496 and 2530 may be the day’s possible supports and resistance.