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The daily gold chart may hint at the primary trend's direction.
Rates have increased recently, and FXCM's dollar basket is on the move.
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
The pair comes from its best week since late-2016 and hawkish Fed comments, but the new one starts with caution, despite the fact that the BoJ remains committed to its ultra-easy policies
The pair comes from a volatile month during which it had its best performance since April 2021, as the European Central Bank has been turning hawkish, with the upcoming policy decisions looming
After a three-week losing streak and a shallow correction, the pair returns emphatically to profits this week, as the Fed remains committed to its tightening path and the BoJ to its ultra-loose policies
Economic activity grew at a slower - albeit still solid - pace in the first quarter and in line with RBA’s projections and the pair is on the back foot as the US Dollar rebounds
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