Today's Asian financial markets have shown signs of calmness, partly due to holiday in Japan that has likely tempered trading activities. Dollar and Euro were mildly softer, while Aussie, Kiwi, and Yen exhibited slight strength. However, the fluctuations were confined within the ranges observed last Friday, pointing to the low-volatility environment in currency markets. The quietude is expected to continue throughout the day owing to a light economic calendar Yet more vibrant trading environment should emerge later in the week. Market participants are directing their attention towards the upcoming central bank meetings including Fed, BoJ, and SNB, alongside releases of crucial economic data such as CPI, retail sales, and PMIs from various countries and regions. These events hold the potential to infuse volatility into the markets as the week progresses. Shifting the focus to the commodities market, Gold is capturing attention as it nudges close to a near-term resistance at 1930.56, following successful defense of 1900 level last week. Decisive breakthrough at this juncture could signal completion of the pullback from 1952.82, further suggesting resumption of its upward march started from 1884.83. Such a development would strongly hint that the correction phase starting from 2062.95 has already reached its end at 1884.83. Breaking 1952.82 barrier would then steer momentum towards 1987.22 resistance for confirmation. If these dynamics take shape, extended Gold rally might serve as an early sign of Dollar weakening against currencies like Euro. Investors will be keeping a close watch on these potential shifts, especially with so much scheduled for the week ahead. | 