The major risk event over the week end is now behind us and as is often the case we’ve seen a “buy the rumor, sell the fact” situation where safe haven assets had been bought in the run up to last week end and now the event is over those safe havens are reversing that move. Gold is a little lower having reached as high as $1390.0 in the early hours of the morning and now is back to $1381.1, meanwhile the Yen is giving back some ground as USDJPY bounces off Friday’s 101.20 low to 101.55. Even equities are a higher on the open this morning but one can’t help but think that this little shift back into risk might be rather short lived considering the headwinds that remain and the geopolitical tensions over Crimea are unlikely to end at this juncture. The focus for the week ahead will not only continue to be on the themes that have dominated so far i.e. China and the Federal Reserve’s tapering, but the Eurozone will be back in focus especially this morning as CPI data is due to be released at 11.00 GMT. We’ve already seen the flash report which came in at 0.8% and led to an extension of the single currency’s strength with EURUSD taking another step closer to the 1.4000 mark, but in the latter part of last week the euro softened and this morning EURUSD is a lower at 1.3885. Also this week are the FOMC rate decision and the UK budget on Wednesday with the latter likely to grab many of the headlines with a UK General Election only a year away Further reading: USDJPY: Upward Correction Suggests Retracement To 100 Level-Elliott Waves Crimean Referendum threatens Europe’s Economic Balance FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next Gold – Asia breakout fails and creates a bull trap Dale Woods 8 years The major risk event over the week end is now behind us and as is often the case we've seen a "buy the rumor, sell the fact" situation where safe haven assets had been bought in the run up to last week end and now the event is over those safe havens are reversing that move. Gold is a little lower having reached as high as $1390.0 in the early hours of the morning and now is back to $1381.1, meanwhile the Yen is giving back some ground as USDJPY bounces off Friday's 101.20 low to 101.55. Even equities are… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.