The EUR/USD pair was in a tight range during the Asian session as the market reflected on the latest US jobs data and the upcoming European Central Bank (ECB) decision.
Gold should be interesting to trade as it will probably either continue to rise in line with its long-term bullish momentum and ascending price channel or break down quite dramatically with a sharp fall.
Both currencies are relatively strong.
The GBP/USD price was little changed in the overnight session as investors’ attention turned to the upcoming employment numbers from the United States.
The BTC/USD pair is in a tight range as the consolidation in the cryptocurrencies continues.
Gold is still in a bullish trend, although it is starting to look somewhat shaky.
The price holding up from the $30k area is a bullish sign.
The 1.4100 area is likely to be pivotal today.
The AUD/USD held relatively steady as the Australian government expanded the new lockdown in Victoria for seven more days to curb the new pandemic.
The EUR/USD is holding steady after the latest strong Eurozone inflation numbers.
Yet commodity currency strength may still lift Aussie beyond 0.7816.
Signs that price is topping out in the 1.2250 area.
The BTC/USD pair is in a tight range after having a tumultuous period in May.
The GBP/USD pair soldiered on as traders priced in a robust UK economy ahead of the full reopening that is scheduled for next week.
Gold remains a buy as it hits new multi-month high prices.