In the absence of important economic news, all the attention of market participants is focused on political events taking place in Germany and the United States. 

Since the middle of last month, the US dollar has been trading under pressure; as US currency is declining despite the expectation of strong economic growth, rising inflationary pressures and greater confidence that the Fed will continue to raise interest rates this year.


The XAU/USD pair presented a modest bearish tone in the night and in the morning on Monday. 


Brent could not leave the 68.50 area and after reaching 68.00 it moved back to the level.


Fresh bids around 110.50 helped buyers to reverse some ground.


The price failed to advance beyond 1.3950 and pulled back.


Buyers once again failed to regain the level 1.2300.

Don’t lie to us. We know you have thought about it, and not just once. It’s normal and trust us, you are not alone on that one. Becoming a full-time forex trader is the dream of many newbies but only few are able to really turn into a reality.  

Asian equity markets ended mixed on Monday as market players continued to digest political developments in the United States following the announcement of a government shutdown.  

The ending week was again negative for the US currency.