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The price of gold is back under $1,700/oz. as markets switch their attention to riskier asset classes. A bid for gold however remains as central banks keep pumping cash into the system.

GBP/USD is edging higher as risk assets rise on hopes that the Covid-19 lockdowns will be eased soon in more countries, but caution is called for ahead of Thursday’s Bank of England policy meeting.

The Euro is at risk as Germany’s constitutional court weighs on the ECB’s QE effort. If it rules against the central bank, the single currency may suffer alongside broader risk appetite.

The Australian Dollar was well prepared for the RBA's May rate call which leaves the Official Cash Rate at 0.25%. The central bank acknowledged an ongoing economic threat from coronavirus but point…

Gold prices fell victim to better overall risk appetite as the prospect of a return to economic life gave investors heart. However, uncertainties remain and the market looks well supported.

The USD/CAD stalled at resistance as crude oil prices soared and sentiment recovered. Volatility may be due for the Australian Dollar next as it faces the RBA rate decision.

Airline stocks and funds fell under renewed pressure on Monday after well-known investor Warren Buffett exited his company’s substantial holdings in the airline industry.

Coronavirus recession fear and US-China trade war tension threaten to fuel another major downturn in global equities, which could underscore the sell in may and go away stock market anomaly.

The Reserve Bank of Australia decided to hold the cash rates steady at 0.25 percent.