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Editors’ Picks

AUD/USD loses bullish momentum but trades above 0.7800

The aussie eases as Wall Street trims intraday gains, still supported by firmly bullish base metal. Record highs in copper and rising gold underpin the commodity-linked currency.

AUD/USD News

EUR/USD trims intraday gains, holds on to higher ground

The EUR/USD pair topped at 1.2177 before retreating, as the greenback remains the weakest currency across the FX board. A scarce macroeconomic calendar kept major pairs within limited intraday ranges.

EUR/USD News

XAU/USD 4-hour support is a hurdle for the bears

The price of gold is trading at $1,836.81 at the time of writing and is up on the day by some 0.30%. The bulls, however, are backing off on what could be profit-taking as the US dollar stabilises within a narrow range on Monday vs a basket of major currencies.  DXY is flat and has stuck to a 90.0420/3390 window.

Gold News

ETH soars above $4,000, as BTC and XRP struggle

Bitcoin price beginning to hint at a complex topping process. Ethereum price shakes off rising wedge pattern to test new Fibonacci extension level.

More Crypto News

UK GDP Preview: Contraction to trigger correction? Sterling set for a reality check

The UK is projected to report a 1.7% contraction in the first quarter.  Optimism about a vaccine-led recovery from the second quarter onward is baked into the price. A reminder of past weakness may trigger a much-needed correction after the big breakout.

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