Shy Opening of a New Week in the Global Financial Markets

After Friday’s selloff, markets start the new week by opening quite shy, still not knowing what will happen in Eastern Europe.

SP500 is in the process of creating the right shoulder of the H&S formation.

DAX comes to an end of a smaller pennant. Time for the breakout, most probably to the downside.

The EURUSD pair bounce of a resistance on the 1.15 and breaks the one on the 1.138.

The GBPUSD pair is locked below the 38,2% Fibonacci.

The same happens with the NZDUSD pair, which bounced off the 38,2% quite recently.

The GBPJPY pair bounces of a crucial, long-term, horizontal resistance around 158.

Gold gives another hope for people believing it can protect your assets against rising inflation. XAUUSD pair is breaking the upper line of the triangle and aiming higher.

For a look at all of today’s economic events, check out our economic calendar.