Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880.
Amid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high.
EURUSD during the last week portrayed multiple tops around 1.1480 before ending the week by resting on 200-SMA.
GBPUSD stays ready to reverse the month-start bearish signal, initially triggered by the 50-SMA’s break below 200-SMA.
Gold extends a fortnight-long recovery to stay comfortably beyond the 200-SMA and a horizontal area from early January.
USDCAD remains chopped inside a 140-pip trading range in the last two weeks, recently fading the bounce off the lower end comprising 200-SMA.
GBPUSD bears flex muscles with eyes on Thursday’s UK Q4 GDP.
AUDUSD marked a notable U-turn from the 50-DMA by the end of the key week.
Gold traders keep their eyes on the US monthly jobs report for January during early Friday.
EURUSD extends bounce off a 19-month low, also comprising 61.8% Fibonacci Expansion (FE) of late September 2021 to early January 2022 moves
AUDUSD bulls stay hopeful as the Reserve Bank of Australia (RBA) ends QE, despite posting initial losses due to rejection of the immediate rate hike concerns.
Silver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside.