The Euro posts minor losses against the British Pound on Monday, trading at 0.8670 at the time of writing, after failing to break resistance at 0.8690 for the second time over the last few days.

The AUD/USD pair trades 0.35% higher to near 0.6710 during the European trading session on Monday.

The combination of slowing momentum and oversold conditions suggest New Zealand Dollar (NZD) is likely to consolidate, probably between 0.5715 and 0.5750.

Instead of extending its decline, Australian Dollar (AUD) is more likely to range-trade between 0.6670 and 0.6710. In the longer run, the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/JPY trades around 184.40 on Monday at the time of writing, up 0.40% on the day, supported by a combination of macroeconomic factors favorable to the Euro (EUR) and negative for the Japanese Yen (JPY).

Picking a bottom on the Japanese Yen (JPY) remains hard. Speculation that Prime Minister Sanae Takaichi will dissolve the parliament and call snap elections has continued to rise over the weekend, ING's FX analyst Francesco Pesole notes.

Even without a significant increase in downward momentum, Pound Sterling (GBP) may yet test the major support at 1.3370. In the longer run, GBP could decline to 1.3370, potentially reaching 1.3340, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY continues to consolidate above its 50-day moving average, keeping upward momentum intact as the pair attempts to break out of its trading range formed since November, Société Générale's FX analysts note.

The Eurozone Sentix Investor Confidence Index improves significantly to -1.8 in January from -6.2 in December.

The Sterling stands comfortably at long-term highs above 212.10 on Monday, supported by a weaker Japanese Yen following news reporting that Prime Minister Sanae Takaichi might be considering calling snap elections in February.According to a Kyodo News report, Takaichi would have told an official of

Eurozone Sentix Investor Confidence climbed from previous -6.2 to -1.8 in January

EUR/USD jumped 0.35% on Monday's Asian trading session, and is trading near 1.1680 at the time of writing, after bouncing from one-month lows at 1.1620.

The Pound Sterling (GBP) recovers strongly to around 1.3450 against the US Dollar (USD) during the European trading session on Monday after a weak opening around 1.3390.

The AUD/JPY cross builds on its steady ascent for the second straight day and climbs to the 106.00 neighborhood, or a fresh high since July 2024, during the early part of the European session on Monday.

Silver price (XAG/USD) gains ground for the second consecutive day, trading around $84.30 per troy ounce during the early European hours on Monday.

The NZD/USD pair gains traction to around 0.5745 during the early European session on Monday. The US Dollar (USD) softens against the Kiwi on renewed concerns over the US Federal Reserve (Fed) independence.

The USD/CAD pair falls after failing to extend the nine-day winning streak on Monday. The Loonie pair corrects to near 1.3890 during the day as the US Dollar (USD) retraces, following criminal charges against Federal Reserve (Fed) Chair Jerome Powell.

The GBP/USD pair attracts some buyers to around 1.3430 during the early European trading hours on Monday.

The GBP/JPY pair posts a fresh multi-year high at 212.30 during the Asian trading session on Monday. The pair trades firmly as the Japanese Yen (JPY) underperforms its peers, following reports from Reuters that Japan’s Prime Minister (PM) Sanae Takaichi could call for an early snap election.

The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) at the start of the week. The USD/INR pair trades firmly near the weekly high of 90.66 as the Indian Rupee underperforms due to rising oil prices and the continued outflow of foreign funds from the Indian stock market.

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.

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.

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.

Silver price (XAG/USD) extends its gains for the second successive day, trading around $83.10 per troy ounce during the Asian hours on Monday. Precious metals, including Silver, attract buyers as safe-haven demand rises amid escalating geopolitical tensions.

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.

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.

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.