EUR/USD:The EUR/USD pair extended its rally on Friday to reach 1.1890, its highest since mid-September.
Major economies have a much lighter macroeconomic calendar this week.
GBP/USD:GBP/USD seesaws around short-term key resistance line after refreshing two-month high. A clear break
beyond an ascending trend line from October 27, currently around 1.3175/80 becomes necessary for the GBP/USD
bulls to aim for the 1.3200 threshold.
USD/JPY:USD/JPY is under pressure at the start of the week. Uncertainty and dollar weakness are the driving forces,
concerning Japanese officials. USD/JPY breaks key support structure around 104 the figure.
AUD/USD :AUD/USD challenges two-month highs of 0.7290 reached last week, trading close to 0.7300 amid
risk-on market mood, as a Biden victory is well received. ASX 200 refreshes eight-month highs. Global markets
cheer hopes of further stimulus.
USD/CAD: USD/CAD stays offered, sellers attack September low amid bearish MACD. The loonie pair failed to
cross 1.3100 horizontal resistance during Friday’s pullback moves, which in turn gains support from bearish MACD
conditions to challenge the multi-day-old support line near the 1.3000 psychological magnet.
Gold: The price of gold has kicked off the week on the front and from an hourly perspective, but it is priming for a bullish
opportunity above a key support structure.
WTI CRUDE OIL
WTI seesaws around the intraday high of $38.64, up 1.95% intraday, while heading into Monday’s European session.
In doing so, the oil benchmark extends late Friday’s corrective recovery while parting ways from the previous
GBP - BOE Gov Bailey Speaks