Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.

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The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.

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Gold prices have managed a spirited two-day recovery but firm US nonfarm payrolls data may stoke Fed tightening speculation and snuff out upward momentum.

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