Forecasts & Analysis |

Exports to Mexico are set to rise

Gold prices continued to rally climbing 0.5% as the dollar retreated and US yields were mixed. Strong gains in Chinese equities spilled over into US stocks which paved the way for higher gold prices. Stronger than expected US ISM services numbers helped add to riskier assets, which have been highly

USD/CAD continues to trade in the range between the support level at 1.3500 and the resistance level at the 20 EMA at 1.3595.

Oil continues its upside move and heads towards the test of the next resistance level at $41.50.

Amazon has rallied nearly 40% since breaking out in April, setting off extremely overbought technical readings.

One thing is very certain right now – we live in very interesting times.  As the world rushes head-first into the 21st Century, it appears one of the most pressing issues before all of us is to navigate the risks and opportunities that continue to stack up ahead of us. 

Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be strong right before the precious metals market tops.

Silver managed to settle above $18.00 and is ready to test the nearest resistance below $18.50.

There are still more factors going for this rally than against it. In today’s analysis, I will present these together with the non-confirmation signs.

The American dollar plunged at London’s trading session on Monday afternoon, pulling back its earlier gains. Currency traders reversed from the safe-haven asset amid optimism over U.S. economic data scheduled to be out later today.