Crude oil prices shrugged off some weakness on Wall Street, focusing on the EU lifting summer travel for vaccinated people and commentary from OPEC’s second-largest energy producer.

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Gold prices approach the psychologically imposing 1,800 level as Treasury yields and the US Dollar move lower with markets beginning to capitulate to a possible transitory inflation theme.

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The S&P 500 index rebounded modestly on Monday as Fed Chair Jerome Powell cooled tapering expectations. US ISM manufacturing PMI disappointed. Asia-Pacific markets are poised for a mixed start.

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Find out the essentials of trading the news with this introductory guide to forex news trading

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AUD/USD shifted higher after key moving averages converged to underpin prices, but today’s RBA decision will likely decide the Australian Dollar’s direction.

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