FxAnalysis

The BTC/USD pair continued its strong uptrend as it jumped to the highest level since February 4. It rose to 75,000, up by 25% from its lowest level this year.

The AUD/USD exchange rate rose slightly after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It rose to 0.7065 on Tuesday, up slightly from this month’s low of 0.6940.

Gold is in a bearish consolidation phase near the monthly lows, while battling the $5,000 level early Tuesday.

Since being turned down from the yearly highs near the 1.2100 level in late January, the short-term outlook for EUR/USD has been becoming worse and worse.

The Australian Dollar (AUD) stays strong amid elevated inflation at home and the Reserve Bank of Australia’s (RBA) hawkish tilt. This combination keeps the door open for AUD/USD to rise even higher, and it also helps guard against occasional drops.

Silver price edged lower at the beginning of the week, despite multiple weekend headlines hinting at panic taking over financial markets at the opening. Fears were indeed present, although to a moderated extent.