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

The rise in the dollar weighed on silver prices

The weather is expected to remain warm

The dollar continues to rebound

The S&P 500 had a very rough Monday, breaking down towards the trendline but by the time Tuesday was over we had completely wiped out all of our losses.

The crude oil markets have broken down quite drastically during the course of the week only to turn around and recover.