Despite the bearish double top pattern which seems to have completed, the price has been making a firm bullish consolidation above the support level at $76,975.

The USD/CAD pair is seen extending its retracement from the 1.3715 resistance, or over a one-week set on Friday, and drifting lower for the second consecutive day.

The USD/ZAR is near the 16.53200 ratio as of this writing, but day traders are reminded that South Africa is celebrating their Freedom Day holiday and Forex volumes for the Rand will be extremely thin.

The EUR/USD exchange rate held steady at 1.1700 on Monday morning ahead of a busy week in which the US and Europe will release their numbers and the European Central Bank (ECB) and the Federal Reserve will deliver their interest rate decisions.

A strong economy and a flimsy labor market don’t typically go hand in hand. For the Fed and other central banks, the playbook has long been straightforward: weak hiring calls for lower interest rates, while an overheating economy and inflation above target justify tighter policy.

Gold finds fresh demand to retake the $4,700 level in Asia on Monday, as the US Dollar pauses its advance amid a recovery in risk sentiment and ahead of the key Federal Reserve (Fed) monetary policy decision due later this week.