The GBP/USD went into this week near a low of 1.33764, this after making a high around the 1.34955 vicinity on Tuesday of this past week. Risk adverse attitudse in the broad Forex market correlated to the downturn of the GBP/USD.
WTI Crude Oil went into this weekend above the 59.000 ratio, this as the commodity reacted quickly to developing news about Iran in a dynamic fashion.
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It was another constructive week for the US Dollar (USD), with the US Dollar Index (DXY) extending its steady climb and remaining firmly on the front foot so far this year. Indeed, the DXY pushed decisively back above the 99.00 mark, doing so with a fair degree of conviction.
Gold (XAU/USD) extended its positive performance this week, at some point hitting all-time tops just above the $4,640 mark per troy ounce. Since then, the yellow metal seems to have entered a corrective mood, attempting at the same time some consolidation in the upper end of the range.
The EUR/USD pair fell to a fresh January low of 1.1593, closing the week a handful of pips above the 1.1600 mark. Sellers defended the upside at around the 1.1700 level for a second consecutive week, despite broad US Dollar (USD) weakness.