Gasoline Exchange rate

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.

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.

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.

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

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.