An unexpected buoyancy in volatility is the common feature across the global markets’ landscape. More significant market swings have earned a few benchmarks like Gold and Yields remarkable trends, while it has pushed the likes of the Dollar, Dow and Oil to the brink of more substantial breakouts.
The US Dollar remains stuck in the washing machine its been in for months, but that could be about ready to change…
Gold prices failed at key targets this week with the long-bias vulnerable below trend resistance. Here are the levels that matter on the XAU/USD chart.
Crude oil prices may extend the dominant downtrend on bearish technical signals, eyeing January lows as IG Client Sentiment offers a stronger downside contrarian trading bias.
There hasn’t been much in the realm of optimism on AUD/USD this year; but sometimes the simple lack of a negative (fresh lows) can start to take on the form a positive.
Black = Oil (CL Futures)
Yellow = Gold (XAUUSD)
Green = USD (DXY Index)