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<p>The euro currency broke out past the resistance level of 1.0950 into Friday’s close. Price action advanced slightly higher to highs of 1.0951 before retreating. The current retracement will see EURUSD falling back to the 1.0950 level. If support forms here, then we expect the bullish momentum to resume. The upside target of 1.1055 – [&hell

<p>Asia Market Update: OPEC+ reaches production cut deal Sunday, though markets perceive it as not enough; S&P Futures lower, while WTI gains; UK PM released from hospital. General Trend: OPEC+ reaches late Sunday deal to cut production by 9.7M bpd for May and June, with cooperation from other oil producers, global oil production expecte

The pressures on the USD pushed the USD/JPY to retreat to the 108.20 support before closing the week's trading around the 108.45 level and complete the pace of decline at the beginning of this week's trading down to the 107.80 support at the time of writing.

Increased uncertainty and weakening of the US dollar were motivating factors for gold investors to push gold prices up to the $1692 resistance, its highest in seven years, before it closed last week’s trading around the $1675 resistance.

The pair benefited a lot from the noticeable improvement in the health of British Prime Minister Boris Johnson from Coronavirus symptoms, along with a weak US dollar.

Despite the weakness of the US dollar during last week's trading, gains of the EUR/USD pair did not exceed the 1.0952 resistance, and for both trading sessions, it failed to overcome it.

AUD/USD: Normal bearish retracement underway

USD/JPY: Today may see a renewed flow into safe havens

New Zealand remains in a nationwide lockdown, but discussions on how much longer the most extreme measures should be kept in place are intensifying.

British Prime Minister Boris Johnson was released from the hospital yesterday after spending one week, including a few nights in intensive care, at St Thomas’ Hospital.