From its peak above 1.1000 last week, EURUSD has produced a significant reversal that has undermined a rising channel/wedge stretching back to November. Yet, bearish momentum started to flag this past session between a leveling of US rates and in the aftermath of remarks from Fed Chairman Powell.

The U.S. dollar looks to be set on a hawkish address by Fed Chair Jerome Powell with the DXY trading at a key resistance zone.

USD/ZAR Price action has stalled after a brief retest of 17.700. As Eskom continues to place pressure on the EM currency, technical levels hold firm.

GBP/USD appears vulnerable as markets await comments from Fed Chair Powell. Hawkish rhetoric from the Fed Chair likely to keep the greenback supported.

BP’s record profit helps drive the UK index higher just days after Shell smashed its previous best earnings. Oil, mining, and financials continue to lead the index

US Treasury yields have re-priced sharply higher after last Friday’s NFP report and this has left gold vulnerable to further losses in the short term.

Brent crude oil opens the European session on the front foot but markets are wary in anticipation of Fed Chair Jerome Powell’s speech later today.

The Australian Dollar skipped north after the RBA raised the cash rate target by 25 basis points to 3.35% as the central bank tries to rein in eye watering inflation. Will AUD/USD go higher?