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Trader confidence is evenly balanced, with the Indian coronavirus outbreak offsetting positive news elsewhere. That has left traders most interested in assets like gold and cryptocurrencies.

Ever since clearing consolidation resistance in mid-April, gold prices have been tediously moving sideways.

Nervy test for GBP bulls amid BoE and Scottish Election. Japanese Yen Short Covering underpins currency.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

A stronger US Dollar puts EUR/USD at risk of falling through 1.20. DAX 30 unbale to break above recent range

In this article, DailyFX Analyst Martin Essex puts the case for EUR/USD strength. Watch out for a reply later today from DailyFX Strategist Nicholas Cawley, who argues that EUR/USD will…

Another strong performance in the cryptocurrency with Ethereum and Dogecoin printing fresh new highs as Bitcoin’s dominance wanes.

GBP/USD and the GBP crosses will likely trade sideways, with GBP/USD around 1.39, ahead of Thursday’s monetary policy decision by the Bank of England and UK elections the same day.

The Canadian Dollar may give up gained ground in the near term, as coronavirus cases continue to remain elevated despite a marked pickup in vaccination rates.

The Australian Dollar was unphased by the RBA’s May interest rate decision and growth upgrade. AUD/USD’s focusremains on market sentiment as it appears to trade with a slight bullish undertone.