Oil prices are in a tight trading range waiting to see if rising geopolitical risks will start to boil over. Israel, responding to Hezbollah attacks in Lebanon and a disputed election in Venezuela, are just a few of the risks to start this week.

At the end of last week's trading, the GBP/USD price tried to rebound higher, but its gains did not exceed the 1.2877 level and closed the week's trading stable around the 1.2863 level.

During a bull market or very bullish phase, indicators give the all-clear. Investors are always going to be complacent and market/economic signals at least stable at market tops.

Major events this week include the Fed policy meeting and NFP. The likelihood of a Fed cut this week is below 5%. ECB’s Schnabel said Eurozone service price growth remains a significant problem.

Wednesday’s FOMC meeting should offer a clearer hint that the Federal Reserve’s next move will be an interest rate cut.

Here are the top 10 fastest-growing housing markets in the U.S., based on the growth of their housing stock between 2013 and 2022. Housing stock refers to the total number of homes (houses and apartments) within an area.

USD/CHF moves higher to near 0.8850 as the US Dollar posts a fresh two-week high.

By the end of last week's trading, the price of gold rose to $2,390 per ounce before closing at $2,388 per ounce. This represented a 1% decrease from the previous session as markets for clues regarding the Federal Reserve's policy outlook.