GBP/USD scales higher for the second straight day and remains supported by a weaker US Dollar. Dovish Fed expectations and the optimism over Chinese stimulus undermine the safe-haven buck. Bets that the BoE will start cutting rates during the first half of 2024 might cap gains for the major. (FXStreet)

EUR//USD rose more than 2% in the previous week and advanced beyond 1.0900 for the first time in over two months. The pair continued to stretch higher toward 1.0950 in the Asian session on Monday but struggled to preserve its bullish momentum. (FXStreet)

USD/CAD extends its downside to 1.3700 on the weaker USD. The bearish outlook for USD/CAD remains intact below the 50- and 100-day EMAs. The first upside barrier will emerge at 1.3745; the critical support level is seen at 1.3655. (FXStreet)

USD/JPY trades around 149.00 followed by 23.6% Fibonacci retracement. Technical indicators suggest a bearish sentiment to navigate the support region around 146.50. 150.00 psychological level could be the resistance, followed by the nine-day EMA. (FXStreet)

Australian Dollar gains ground after China’s interest rate decision. Australia's Dollar receives upward support due to the downbeat Greenback. PBoC kept LPR unchanged at 3.45% as expected. US Dollar plunged on Friday despite upbeat US housing data. (FXStreet)

NZD/USD extends gains above 0.6000 on China’s interest rates decision. Kiwi PPI data raises questions about whether the window for a rate hike is closed. PBoC kept benchmark rates unchanged at 3.45%. (FXStreet)

USD/CHF continues to lose ground as US bond yields face pressure. Bank of America forecasts higher Fed Funds rates across the curve. Swiss Franc gains strength as SNB could raise interest rates in the future. (FXStreet)

USD/MXN extends losses as the Fed is expected to adopt a dovish stance. US Dollar fails to gain despite improved US bond yields. Banxico’s policy decision will be influenced by Mexico's inflation context. (FXStreet)

Indian Rupee trades weaker on the rebound in oil prices, USD demand. Global uncertainties will have a limited impact on the Indian economy. Market players will monitor the FOMC Meeting Minutes on Tuesday for fresh impetus. (FXStreet)

US oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price action. After touching a $95/bbl. high on September 28th, US crude hit a multi-month low of $72.22/bbl. on Thursday with today’s marginal move higher seen as short closing ahead of the weekend. A decisive break below the 200-day simple moving average, made on Wednesday, now leaves oil vulnerable to further losses. Recent data has weighed on oil and added to the bearish market tone. US continuing jobless claims and initial jobless claims came in higher than forecast on Thursday, while industrial production also fell by more than expected. (DailyFX)

Gold price struggles to capitalize on its modest intraday move up to the $1,985 region. Hopes for more stimulus from China boost investors' confidence and act as a headwind. Bets that the Fed is done raising rates undermine the US Dollar and should lend support. (FXStreet)

Silver edges lower and retreat further from over a two-month peak touched on Friday. The technical setup supports prospects for the emergence of dip-buying at lower levels. A sustained move beyond a descending trend line is needed to reaffirm the positive bias. (FXStreet)

Source: FXStreet, DailyFX

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