The US Dollar started the week on a negative note as traders await Fed’s Powell speech and the latest change in the Non-Farm payrolls.
On the other side, the Dow and S&P500 indices closed modestly higher while the Nasdaq was slightly lower ahead of a busy week. Moreover, Oil prices succeeded to extend last week’s advance, stabilizing above the psychological barrier of $80 per barrel.
Looking at today’s important economic releases, investors will be looking for the Reserve Bank of Australia’s interest rate decision. In the UK, the Halifax house price index is expected to have declined from 0.0% to -0.3% in February.
Below, we will be analyzing the latest price action developments in the major currency pairs alongside gold.