The Australian Dollar was little changed after the RBA raised the cash rate target by 25 basis points to 3.10% as the central bank goes into a 2-month hiatus. Will AUD/USD go lower?

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Gold prices sank on Monday as the US Dollar gained after an unexpectedly strong ISM Services print. XAU/USD left behind a bearish Evening Star, will that spell trouble ahead?

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The Japanese Yen slumped, sending USD/JPY higher in a very rare move as the US Dollar gained and stocks dropped. Ahead, the Australian Dollar is eyeing a likely RBA rate hike.

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There was some exceptional volatility last week and the hints of tentative trend developments – most notably a breakdown of the Dollar and attempted rally for US indices. Yet, those moves have abated to start the new week with data and technical levels playing a bigger role in market conviction.

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The S&P 500 found resistance last week at a key spot, but is this a mere speed bump for bulls on the way to a Santa rally? Or are bears gearing up for another downside push?

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