Crude oil, like many other commodities and markets are present, continues to remain rangebound with the bullish momentum of earlier in the month now waning.
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains.
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days.
Lee Kranefuss of 55 Capital Partners on the economy, investing in ETFs and the government deficit.
EURUSD’s downward movement from 1.1279 extended to as low as 1.0859.
At the start of a week full of US earnings, important economic data and a couple of central bank meetings, risk is somewhat off the menu. Equities, copper and, to a lesser degree, oil prices were all trading lower at the time of this writing.
The USDJPY pair initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.
AUDUSD moved sideways in a range between 0.7441 and 0.7755.
The rally for copper finally came to an abrupt halt yesterday as weak economic trade data news from China dealt the base metal a mortal blow, sending it plunging lower and closing the session with the wide spread down candle on very high volume, and signalling the end to the rally of September.
EURUSD recently broke below its descending triangle support at 1.1130 and has dipped to a low of 1.0988 before showing signs of a pullback. Applying the Fib tool on the latest swing high and low shows that the 61.8% Fibonacci retracement level lines up with the broken support, which might now hold as resistance.