Trading signals

XAUUSD

The gold remained positive after Fed’s Powell speech and Biden’s presentation his “American Rescue Plan”. 

GBPUSD

Optimism about the UK's vaccination coupled with a weaker dollar helped the UK currency to gain some traction. 

EURUSD

A more than expected stimulus package failed to boost the dollar which eased instead of growing. 

XAUUSD

The gold remained in a range amid a renewed USD buying interest. 

GBPUSD

The pound edged lower as the US dollar recovered strength.

EURUSD

The upbeat EU data and constructive Lagarde's remarks failed to support the shared currency which got under pressure amid a rise of the dollar.

XAUUSD

The gold looks biased on the downside in the short-term. 

GBPUSD

The pound edged higher when the BOE downplayed negative rate expectations. 

EURUSD

The US Treasury yields stopped its advance to fresh highs. 

XAUUSD

The dollar remains strong amid the rally in Treasury yields, the US political drama and ahead of Fedspeak.