Australia Commonwealth Bank Services PMI registered at 58.8 above expectations (58.6) in April


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EUR/USD extends rally to fresh highs above 1.2180

Dollar’s sell-off accelerates, despite of a generalized dismal mood. Government bond yields surge, stocks plunge as inflation concerns mount. Upbeat German data provide further support to the shared currency.

EUR/USD News

GBP/USD resumes advance, challenges highs in the 1.4150 area

GBP/USD recovered the ground lost and trades near its weekly high, despite a souring market’s mood. UK PM Johnson's announcement of additional easing of restrictions boosted the pound on Monday. BOE Governor Andrew Bailey is set to speak later on.

GBP/USD News

XAU/USD turns south before testing 200-day SMA, tests $1,820

XAU/USD came under strong bearish pressure in early American session. Next critical support for gold aligns at $1,800. Rising US Treasury bond yields and risk aversion weigh on gold.

Gold News

BTC crashes, markets follow suit

The cryptocurrency market experienced a crash as the flagship cryptocurrency tumbled. Although some altcoins are recovering, Bitcoin price is still scrambling to find a support level and might trigger another sell-off soon.

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S&P 500 Nasdaq Day Ahead: Can the Fed stop the red

Equity markets are in the red again on Tuesday as the Fed looks on powerless for now. Inevitable really, things cannot keep going up forever but it is always easy with hindsight. 

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