Bitcoin initially attempted to rally during the session on Friday but gave back gains rather quickly in order to show signs of negativity. We have plunged below the $120,000 level, which of course is a large, round, psychologically significant figure, and of course where we had bounce from during the previous session. Now that we…
The USD/ZAR is around 17.27700 with a wide spread being seen at this moment, this after the currency pair jumped on Friday to a high of nearly 17.49700 momentarily on heightened rhetoric from the U.S White House.
EUR/USD trades in a narrow channel at around 1.1600 in the European session on Monday after rising 0.5% on Friday. The technical outlook points to buyers’ hesitancy as a key resistance level remains intact.
Whipsaw – trade headlines have triggered wild price action early in the week, and this is only the beginning. A US bank holiday on Monday and the lack of economic data are unlikely to stop the action.
Gold is seeing a second consecutive day of gains early Monday, having managed to reclaim the key $4,000 level on Friday.
The Pound Sterling (GBP) broke the previous consolidation against the US Dollar (USD) to the downside, as GBP/USD tested levels under 1.3300.