Iron Ore
Iron Ore prices  (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news. 
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well

Risk leans on, but risk remains
Other markets
– FTSE +0.32% 
– Dax -0.47%
– CAC -0.34%
– Bitcoin +2.77%
– Gold -0.14%
– US oil +2.95%
 Oil markets kept pushing higher on the three main drivers of low inventories, rising demand, and skilled OPEC market communication. 

EU proposals
Risk for the GBP this week is if PM Johnson plays hard ball with EU and no compromise decisions are reached over the N.Ireland protocol.   

Commodities are natural resources 
The AUD, NZD & CAD are collectively known as the commodity currencies. Why? Because they are heavily influenced by their export of various commodities. 

Constant risk
Keep in mind that the Evergrande crisis could spark risk off trading at any moment. Be aware of short the JPY…