The EUR/GBP cross trades in positive territory around 0.8685 during the early European session on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as the European Central Bank (ECB) appears to be near the end of its rate-cutting cycle.

Gold (XAU/USD) scales higher for the third straight day – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $4,600 mark, during the Asian session on Monday.

USD/CHF breaks its four-day winning streak, trading around 0.7990 during the Asian hours on Monday. The pair loses as the Swiss Franc (CHF) receives support from safe-haven demand amid increased geopolitical tensions.

Gold prices rose in India on Monday, according to data compiled by FXStreet.

The EUR/USD pair edges higher to near 1.1655 during the early European session on Monday. The US Dollar (USD) softens against the Euro (EUR) amid renewed concerns over US Federal Reserve (Fed) independence. Traders await the US Consumer Price Index (CPI) inflation report on Tuesday. 

EUR/JPY extends its gains for the second successive session, trading around 184.30 during the Asian hours on Monday. The technical analysis of the daily chart suggests that the 14-day Relative Strength Index (RSI) at 61 signals firm momentum without overbought conditions.

The Japanese Yen (JPY) recovers slightly after touching a fresh one-year low against a broadly weaker US Dollar (USD) during the Asian session on Monday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day winning streak and trading around 99.00 during the Asian hours on Monday.

Monero (XMR) leads the crypto market recovery, posting roughly 23% gains over the last 24 hours, suggesting renewed interest in privacy coins. Additionally, Story (IP) and Render (RENDER) with double-digit gains sustain bullish momentum.

The NZD/USD pair attracts some buyers to near 0.5745, snapping the four-day losing streak during the Asian session on Monday. The renewed concerns over the US Federal Reserve (Fed) independence exert some selling pressure on the US Dollar (USD) against the Kiwi.

The Australian Dollar (AUD) rises against the US Dollar (USD) on Monday, following three days of losses. The AUD/USD pair advances as the Greenback weakens, potentially amid concerns surrounding the Federal Reserve.

Federal Reserve (Fed) Chair Jerome Powell said in a statement that  the US Justice Department has threatened criminal charges against him in connection with his Senate testimony last June, during which he discussed the estimated $2.5 billion renovation.

The USD/CAD pair attracts some selling at the start of a new week, snapping a nine-day winning streak to its highest level since December 5, around the 1.3920 region, touched on Friday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.20 during the early Asian trading hours on Monday. The WTI price jumps as tensions in Iran are fueling concerns in the oil market.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0108 compared to Friday's fix of 7.0128 and 6.9849 Reuters estimate.

The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday.

Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank's renovation of its Washington headquarters and whether Powell lied to Congress about the project's scope, the New York Times reported on Sunday. 

EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles amid dovish Federal Reserve (Fed) expectations.

Australia ANZ Job Advertisements increased to -0.5% in December from previous -0.8%

US President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country, CNN reported on Sunday. The sources said Trump considers following through on his recent threats to strike the Iranian regime should it use lethal force against civilians.

A group of European nations, headed by the United Kingdom (UK) and Germany, is discussing plans to increase its military presence in Greenland to show US President Donald Trump that the continent is serious about Arctic security, Bloomberg reported on Sunday.

The USD/JPY pair gains ground near 158.05 during the early Asian session on Monday.

Japan’s Prime Minister Sanae Takaichi may call an early general election, the head of her party's coalition partner said on Sunday, after Reuters reported that snap election could be held as early as February.

EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar.

United States CFTC Gold NC Net Positions declined to $227.6K from previous $2312K

Australia CFTC AUD NC Net Positions climbed from previous $-212K to $-19K

United Kingdom CFTC GBP NC Net Positions: £-30.5K vs £-332K