Buyers push price back above the 100-hour MA, but the 100-day and 200-hour MAs near 1.3400 loom as the next major hurdle.

The British Pound losses some ground versus the US Dollar on Monday as risk aversion keeps the Greenback bid, sponsored by the escalation of the Iran conflict. This triggered a sudden jump of oil prices, which are up 11%, retreating after gaining nearly 30% during the Monday’s Asian session.

AUD/USD advances on Monday, trading around 0.7040 at the time of writing, up 0.24% on the day. The pair benefits from renewed demand for the Australian Dollar (AUD) as stronger-than-expected economic data from China provides support to currencies closely linked to Chinese growth.

USDJPY, Dow Jones Outlook: WTI crude oil’s surge above the 100 mark is lifting inflation concerns and dollar pairs further, while pressuring bearish setups across US indices.

USDCAD may face further downside as a bear flag breakdown coincides with surging oil prices that are strengthening the Canadian dollar. Key technical levels suggest the pair could fall towards 1.313 unless resistance near 1.37 is broken.

The US Dollar (USD) gapped higher at the weekly opening, as weekend war headlines spurred panic. The EUR/USD pair dropped towards 1.1500, while Oil prices soared, with the barrel of West Texas Intermediate (WTI) soaring towards $110 after closing last week at around $88.

The dollar index returned to gains on Monday, trading near 99.2 after a short-lived decline on Friday, as the conflict with Iran showed no signs of easing and energy prices continued to rise, with oil climbing above $100 a barrel.Inflation concerns linked to supply disruptions and production cuts f…

GBP/USD pricing and leverage information. View trading opportunities for GBP/USD. Trade British pound / United States dollar price movements with Spot FX.

Pair rebounds from support, but repeated failures at the falling 200-bar MA keep sellers in control unless buyers can break and hold above.

Ultimately, as long as we continue to see war headlines, there are going to be a lot of moves in various markets.