BTC/USD Exchange rate

EUR/USD fluctuates in a relatively tight channel above 1.0750 to start the new week. In the absence of high-tier data releases, investors will scrutinize comments from central bank officials. Later in the week, inflation data from the US could trigger a big reaction.

GBP/USD struggles to gain traction and fluctuates slightly above 1.2500 in the European session on Monday. Ahead of Tuesday's labor market data from the UK and April inflation report from the US on Wednesday, investors will keep a close eye speeches from central bankers.

Gold price trades on a negative note on Monday during the Asian session. The hawkish remarks from the Fed and growing speculation that the Fed might delay its easing plans have boosted the Greenback and dragged the USD-denominated gold lower. 

The Graph price consolidation below a key hurdle shows that it is ready for a volatile move. With GRT retesting the upper limit of its rangebound movement, chances of an upside breakout are high.

This week market focus will center around inflation data from the US, the world's largest economy, poised to influence global market sentiment. Overall market sentiment appears optimistic as the potential for a US interest rate cut in September has re-entered the conversation.