Even though the AUD/USD currency pair failed to reach the 0.72 major level, Monday still ended with a rally.
The European single currency set off with a sharp decline of 185 pips yesterday, amid the return of the risk-off sentiment.
Monday has been a green day for the bullion, which bounced off the February uptrend and spiked towards the 1,240 mark.
As was anticipated, the USD/JPY currency pair weakened on Monday and pierced the immediate support area; however, the second target at 112.00 was not reached.
The British Pound succeeded in outperforming the US currency at the beginning of the week, thus, retaking the 1.39 major level.
Pessimistic inflation statistics from the Euro zone used to have a direct negative impact on the Euro on Monday, even though the currency attempted to remain above 1.0930 in the first part of the day.
The Kiwi experienced a sharp sell-off on Friday, falling back below the 0.67 major level.
The USD/CAD currency pair remained relatively unchanged on Friday, edging 14 pips lower, despite a strong reading of the US GDP.
An higher-than-anticipated US GDP figure on Friday caused the AUD/USD currency pair to sustain rather serious losses.
The Euro's performance against the Yen was rather mild on Friday, as the pair remained relatively unchanged over the day.
As long as the bullion keeps trading above the February uptrend, currently at 1,217.36, the outlook will preserve a positive bias for the nearest future.
Although the better-than-expected US GDP caused the Greenback to appreciate against the Japanese Yen on Friday, these gains are under the risk of being erased today.
Strong US GDP figures caused the Cable to retreat from its daily high of 1.4045, ultimately falling to the lowest in six years.
EUR/USD neared the 2016 uptrend line at 1.0925 on Friday and managed to stay afloat above this key support.
Amid a much better-than-anticipated reading of the New Zealand Trade Balance, the NZD/USD currency pair overperformed and breached the 1.5-year resistance line.
The Loonie extended its rally against the US Dollar on Thursday, leading the USD/CAD currency pair down to the up-trend at 1.3530.
The Aussie managed to outperform the US Dollar on Thursday, preserving the bullish trend-line.
With the improvement of risk sentiment, the European single currency managed to climb almost 100 pips higher against the Yen yesterday.
The American Dollar succeeded in outperforming the Yen yesterday, amid strong readings of US fundamental data.
The Cable's volatility was contained by the 1.39 level from the downside and the 1.40 level from the upside, as the pair reacted on fundamental data.
Gold is gaining more and more ground. Although two days ago the commodity failed to gain a foothold above 1,250 dollars, the outlook remains bullish, even though the monthly indicators are mostly giving ‘sell' signals.
The Euro rebounded after it touched upon the formidable 1.0970/50 demand area.
The New Zealand Dollar closed trade with a 17-pip rally against its US counterpart on Wednesday, leaving the up-trend intact.
With the rebound of oil prices and disappointment in US fundamentals yesterday, the USD/CAD fell down to the 1.37 major level.