The sour sentiment propelled prices of traditional safe-havens, like gold and USD, which in turn caused the EURUSD pair’s slump.
Despite reversing from an eight-month high, gold prices recently crossed the stated key resistance, also rallied beyond June 2021 peak.
GBPUSD bears flex muscles inside the one-month-old symmetrical triangle, recently easing from the resistance.
Silver had a sober start to the current week as it marked the first negative daily closing in four.
EURUSD keeps pullback from 50-SMA to kick-starts the key week comprising preliminary PMIs for February.
GBPUSD stays beyond a downward sloping resistance line from January 20, now support around 1.3590.
AUDUSD justifies its risk-barometer status, also backed by an upbeat Aussie jobs report for January, during Thursday.
Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880.
Amid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high.
EURUSD during the last week portrayed multiple tops around 1.1480 before ending the week by resting on 200-SMA.
GBPUSD stays ready to reverse the month-start bearish signal, initially triggered by the 50-SMA’s break below 200-SMA.
Gold extends a fortnight-long recovery to stay comfortably beyond the 200-SMA and a horizontal area from early January.