EUR/USD completed marginally better on Monday joined by unstable value movement. Volume was down as a result of the developed Easter festival. Germany, Italy and France are all on bank occasion today.
Trading was limited in the GBP/USD today due to an extended Easter bank holiday. Later this week, investors will get the opportunity to react to the latest data from the Monetary Policy Committee although this report is expected to show no surprises. On deck is the MPC Official Bank Rate Votes, followed by Public Sector Net Borrowing.
AUD/USD saw some volatility on Monday. Thin holiday trading conditions may have had something to do with the two-sided trade. Traders could be positioning themselves ahead of the CB Leading Index report
Gold futures were down a little more than 0.50 percent on Monday. Price reached a low of $1281.80 before stabilizing. The market crossed to the weak side of a retracement level at $1289.45 before taking out last week’s low. Traders are looking for the slide to continue to at least the April 1 bottom at $1277.40, followed by a 61.8% level at $1265.20.