EUR/USD prints three-day uptrend as firmer sentiment weighs on the US Dollar. US regulators’ efforts to tame financial markets risk from SVB, Signature Bank favor risk profile on Monday. Friday’s US employment data failed to impress US Dollar bulls as the previous risk-aversion drowned yields. US CPI, ECB eyed for clear directions, consumer-centric data also appear important to watch. (FXStreet)

The index comes under heavy selling pressure and breaches 104.00. US yields also extend the decline to multi-week lows. Markets’ attention remains on the release of US CPI on Tuesday. The greenback, in terms of the USD Index (DXY), remains on the defensive and breaks below the 104.00 support for the first time since mid-February. (FXStreet)

GBP/USD rises to the highest levels in two weeks during a four-day uptrend. Clear upside break of 21-DMA, previous resistance lines join bullish MACD signal to favor buyers. Sellers need validation from 1.1920-10 support zone for conviction. (FXStreet)

USD/JPY holds lower ground after refreshing a one-month bottom.U-turn from the DMAs, rejection of bullish channel and the strongest bearish MACD signals since early February to favor sellers. Early February tops may test Yen pair bears ahead of 50-SMA. Buyers remain off the table unless witnessing a clear break of 200-DMA. (FXStreet)

USD/CAD takes offers to extend pullback from five-month high. US regulators unveil plans to tame SVB, Signature Bank inflicted risk. Fed rate hike expectations ease amid looming fears on US banks. Oil price cheers softer US Dollar with eyes on EIA, OPEC monthly reports. (FXStreet)

NZD/USD prints two-day winning streak as US regulators tame financial market risks. NZIER anticipates much weakness growth in 2024, Thursday’s New Zealand Q4 GDP eyed. Easing fears from SVB, Signature Bank renew market’s risk-on mood. Mixed US employment data, anxiety ahead of key data/events probe Kiwi pair buyers. (FXStreet)

AUD/USD stays on the front foot near intraday high as bulls cheer the biggest daily gains in almost two months. SVB-led risk-on mood joins receding hawkish Fed bets to drown US Dollar. Fresh fears surrounding US-China ties fail to derail risk-on mood. (FXStreet)

USD/INR keeps the previous day’s U-turn from key DMAs to refresh multi-day lows, rebounds from intraday low of late. Cautious mood ahead of India CPI, mixed sentiment in Asia probes Rupee buyers. US Dollar bears the burden of SVB-inspired risk-on mood, receding hawkish Fed bets. (FXStreet)

USD/CHF rebounds from one-month low but stays bearish for the fourth consecutive day. Five-week-old ascending support line, oversold RSI challenges the bears. Bulls need validation from 200-SMA previous support line from early February. (FXStreet)

WTI crude oil defends the previous day’s bounce off two-week low despite lacking upside momentum of late. Risk-on mood, receding hawkish Fed bets underpin WTI strength. US-China tension, cautious mood ahead of OPEC, EIA reports and US inflation probe energy buyers. (FXStreet)

Gold price is firm in the open on a soft US Dollar. Gold price bears eye trendline support while bulls look to $1,920s. Gold price was higher at the start of the week by some 0.5% after the first hour of Tokyo trade having jumped 2% on Friday and while US authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). At the time of writing, Gold price is trading at $1,878 and between a low of $1,867.03 and $1,894.68. (FXStreet)

Silver price struggles to extend recovery from four-month low, pares intraday gains during a three-day uptrend. Failure to cross short-term resistance line, downside break of 200-SMA lure XAG/USD sellers. Two-week-old horizontal support zone restricts immediate Silver price downside. (FXStreet)

Source: FXStreet, DailyFX

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