Forecasts & Analysis

Monthly support at $1.1857-1.1352, and the anticipation of a breakout above the daily falling wedge between $1.1847 and $1.1975, places longer-term flow in a bullish light on EUR/USD.

Following 3 consecutive daily gains, the majors would need to avoid the day’s pivot levels to bring resistance levels into play.

There continue to be strong headwinds created by multiple financial asset classes which have continued to pressure gold pricing.

Trading, especially options, can be very exciting and rewarding. Having said that, you should not be trading options before learning at least the basics about how to trade them.

US PMI data was weak

If Amazon decides to accept cryptocurrencies such as bitcoin for payments, it would be a 180-degree turn from its current policy. 

The shares of Uber declined today after it lost roughly 50% of its investment in Didi caused by the crackdown from the Chinese government.

The rise in the dollar weighed on silver prices

The weather is expected to remain warm

The dollar continues to rebound