EUR

The weaker then expected PMI data from France, Germany and the euro zone pushed EUR/USD back down below 1.3600 on Monday.

USD

The USD continues to be under pressure although the selling has somewhat slowed down.

GBP

The pound re-tested last weeks high but failed underneath 1.7050. This triggered some profit taking in sterling across the board - the GBP is underperforming the other majors today.

CHF

After a down day on Friday we see the Swissie gaining again at the beginning of the new trading week.

JPY

No major action in the yen today, USD/JPY is consolidating after the late Friday drop.

CAD

The Canadian made a new high against the Greenback on Monday and trades near levels not seen since January.

AUD

Supported by better than expected macro data from China we saw a huge rally in the Aussie overnight, in-line with our bullish forecast.

NZD

The NZD also profits from the better than anticipated HSBC flash manufacturing PMI published this morning.

XAU

Gold consolidates in a tight range (bullish sign) after last weeks three percent rally.