The Australian dollar initially tried to rally during the trading session on Monday, but gave back the gains as the highs seemed a bit too much.
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The NASDAQ 100 pulled back during the trading session rather drastically, but then turned around just as drastically to show extreme signs of strength.
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The S&P 500 initially fell during the trading session on Monday, then sold off as we did the end of month rebalance and reached towards the crucial 3600 support level.
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Gold markets fell during the trading session on Monday, but found enough buyers underneath to turn things around and form a hammer.
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Silver markets fell during the trading session on Monday, reaching down towards the 200-day EMA yet again.
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Crude oil markets were slightly negative during the trading session on Monday as we came back to work, mainly because we are waiting for the announcement from OPEC.
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The British pound fluctuated during the course of the trading session on Monday to kick off the week, as we continue to see a lot of choppy volatility.
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The euro tried to get above the 1.20 level during the trading session on Monday, but gave up the gains as the “London fix” started.
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The AUD/USD is trading in a generally bullish trend in the medium term at the moment, and the pair retreated in a profit-taking wave.
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The GBP/USD broke the ascending triangle pattern and the lower triangle boundary, which technically indicates a downtrend after retesting the broken trend.
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The DAX Index managed to produce an early gap lower this morning without wrecking the high water marks it accomplished late last week.
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The USD/BRL has witnessed a rather consolidated price range the past couple of days as volumes in Forex disappeared due to the lack of participation from US financial institutions.
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The USD/MXN has displayed a rather choppy trading range the past few days and support levels were certainly tested.
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The USD/PKR remains slightly above key support levels as the week begins and speculators weigh their perceptions.
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Business optimism across South Africa expands as the COVID-19 pandemic continues to pose a significant threat globally.
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