GBP/USD Breaks Weekly Lows on CPI Data
The GBP/USD reaches new weekly lows on worse than expected CPI Data.
The GBP/USD reaches new weekly lows on worse than expected CPI Data.
It has been a wild two days for Dow Jones Industrial Average. After falling 2.2% on Friday, prices pivoted and increased 297 points from Monday's open to close.
Monday’s rebound in Gold prices appears short lived, as Gold moves back towards values of support.
The Price of Silver Continues to Slide and Test Support Near $18.83.
Recently, gold prices have been trading inversely to Fed rate hike expectations. See how gold prices behave near $1300 for near term direction.
Fed rate hike expectations remain stuck at last week's levels. DJIA price range remains stuck above 18,295.
Crude Oil Prices have closed lower after putting in a new weekly high at $47.71. Traders may use this value to plan for the markets next breakout.
Gold Prices are trading at session lows, but testing critical support near $1340.00.
The CAC 40 remains relatively unchanged ahead of today's ECB rate decsioin.
Strong previous week for AUD/JPY to the upside. AUD/JPY retracing from yesterday’s session drop. Key resistance might send AUD/JPY to lower levels.