USD on the Brink of Range Breakout, EURUSD & GBPUSD suffer - US Market Open

USD on the Brink of Range Breakout, EURUSD & GBPUSD suffer  - US Market Open

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Given the drop in FX volatility, the USD has continued to benefit, which in turn is now eying the top end of its multi-month range.

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Market Outlook

US
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Gold prices are breaking-out to fresh 2019 lows, continuing last week’s bearish push as prices test below 1270 for the first time this year.
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EURO
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Currency markets hint at anxiety as the first-quarter corporate earnings season resumes. Worrying outcomes may boost the US Dollar and the Japanese Yen.
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ASIA
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The Canadian Dollar outperformed as the US sought to end sanction waivers for Iran oil imports. NZD/CAD left at critical turning point as sentiment warns oil price reversal ahead.
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