GBPUSD rises to a two-week high after confirming the bullish head-and-shoulders chart pattern the previous day.
Gold buyers attack a three-week-old resistance line as the market’s anxiety underpins the metal’s haven demand.
Brent oil prices consolidate the heaviest daily loss since late August, not to forget reversal from November 2014 levels.
RBNZ leads the developed-world central banks with a 0.25% rate hike on Wednesday but couldn’t lift the NZDUSD prices.
The Aussie central bank’s concerns over economic growth, due to the pandemic-led local lockdowns, weigh on the AUD/USD prices.
GBPUSD retreats below 50-EMA during early Monday as the market’s risk-off mood favors the USD bulls.
EURUSD is all in for further weakness. The current consolidation during early Friday could be linked to oversold RSI conditions.
Gold fades bounce off six-week-old horizontal support surrounding $1,724.
Brent oil consolidation the early week’s oversold RSI conditions while dropping back below $78.00 on Wednesday.
USDCAD drops to the lowest level since September 10 during the six-day downtrend on early Tuesday.
AUDUSD reverses Friday’s pullback from the key moving average while picking up bids to 0.7286 during early Monday.
EURUSD struggles to extend the strongest recovery in a month as anxiety over Evergrande test pair buyers ahead of a speech from Fed Chairman Jerome Powell.
GBPUSD recovers from monthly bottom as the cable traders await Bank of England’s (BOE) Quarterly Inflation Report (QIR).
Risk-on mood helps gold extend the early-week rebound towards the key upside resistance area during early Wednesday.
NZDUSD refreshed monthly low, before bouncing off 50-DMA during the four-day downtrend.
USDCAD respects the broad US dollar strength while rising to the fresh high of the month. Also adding to the upside pressure is the Federal Elections in Canada.