Spot Gold has spent most of this Monday trading in a tight range around the $5,000 mark, shedding some ground in the American afternoon, yet lacking directional momentum.

The Australian Dollar (AUD) is still finding decent support. A cautious but unmistakably hawkish tone from the Reserve Bank of Australia (RBA), together with stubbornly sticky inflation and generally solid domestic fundamentals, is helping to keep the currency on the front foot.

After attempting to rise, Bitcoin is just continuing to consolidate below the key resistance level at $71,762 and has also fallen below the former support level at $69,323.

The FX board is showing no signs of life at the beginning of the week, with most major pairs stuck to tight ranges. The EUR/USD pair hovers around 1.1860, extending its consolidative phase, unable to react to European data.

The GBP/USD exchange rate wavered after a report showed that the UK economy slowed in the fourth quarter of last year. It also remained in a tight range after a report showed that the US inflation pulled back in January, raising the possibility of more Federal Reserve interest rate cuts this year. It was trading…

The USD/ZAR is near the 15.91830 ratio as of this writing on a day that will most likely remain rather quiet for the currency pair.