The US Dollar is still drifting lower against many major currencies of which the Japanese Yen and Swiss Franc are performing very well.
With all the volatility and uncertainty, the S&P and Dax are still supported while gold is starting to lose a bit of shine.
The UK may be heading for a ‘soft’ Brexit after all. Theresa May played the wild card today...
Today was a pretty uneventful day, except for the British Pound which gapped lower to start out the week.
The market returned to normality this week after three weeks of uncertainty. We also got back to normal and the 211 pip profit that we made shows that.
The S&P 500 is still performing exceptionally well. We need to stay on the right side of this strong trend for now.
Let’s take a look at some ‘golden’ technicals and a few FX pairs. Don’t miss out on the current volatility!
The USD/JPY has struck an important resistance zone which could be a tough one to overcome.
The GBP/USD is trading at two-month lows. A further decline in the rate seems likely.
Canadian employment numbers came out pretty strong on Friday. Of the major currencies, the Canadian Dollar fared the best against the reviving US Dollar.