technical

The USD/CAD pair attracts some buyers at the start of a new week/month and reverses a major part of Friday’s slide to a nearly two-week low.

The AUD/USD exchange rate was highly volatile on Monday morning as market participants reacted to the ongoing developments in the Middle East, where the war between Iran and the US and Iran escalated. The pair was trading at 0.7050.

Gold is taking a breather after the initial run to over one-month highs near $5,400, kicking off the new week with a bang.

The Pound Sterling (GBP) entered a bearish consolidation phase against the US Dollar (USD), after having tested critical support near the 1.3450 level on several occasions.

Gold (XAU/USD) gained traction and climbed above $5,200, ending the fourth consecutive week in positive territory. The next round of US-Iran talks and crucial macroeconomic data releases from the US will be watched closely by market participants in the short term.

The US Dollar’s (USD) upward momentum from the previous week seems to have encountered a tough nut to crack in the 98.00 region, as measured by the US Dollar Index (DXY).