On Monday morning, European stock markets experienced a decline as investors in the region prepared for the World Economic Forum in Davos, Switzerland. The Stoxx 600 index registered a 0.37% decrease at 11:24 a.m. in London, with most sectors showing a downturn.
Initial figures from the national statistics agency revealed that the German economy contracted by 0.3% in 2023. This contraction was attributed to persistent inflation, high energy prices, and weak foreign demand. Despite these challenges, the German economy managed to avoid a recession by the end of the year.

Gold prices saw an increase on Monday, remaining above the $2,050 level, driven by the safe-haven appeal amid heightened tensions in the Middle East and renewed expectations for an early rate cut by the U.S. Federal Reserve.
Notably, U.S. markets are closed on Monday.

While the FX market instruments in general are within range it's important to consider the risk of unpredictable movements due to the holiday thin, low-liquidity market when planning deals.