Gentle Risk on Mode at the Start of the Week
American futures started a little bit higher than Friday’s close, showing moderate optimism, which probably is associated to the small steps forward made during negotiations
DAX, on the other hand, is doing much better, continuing the bullish reversal started on March 8th. As long as we hold above the 38,2% buyers can be quite optimistic.
Gold and silver reverse to the downside, going in line with this subtle risk on mode, seen on stocks right now.
Brent oil defending the neckline of the H&S formation. Breakout would be great for all the drivers around the world.
EURUSD continues the bounce from the lower line of the symmetric triangle pattern.
EURGBP continues the upswing after the false bearish breakout of the 0.83 support.
USDCHF escaped to the upside from the long-term symmetric triangle pattern.
CHFJPY is doing pretty much the same, but here we also deny the H&S formation.
For a look at all of today’s economic events, check out our economic calendar.
