VIX continues to oscillate below 12%, which is near historic lows. Some may think they should buy JPY to get ahead of the VIX breakout, but we urge caution on this thinking.
After explosive trends lower in Q4 and then higher in January, Gold prices have settled into a rather choppy range. Buyers beware.
The range in EUR/JPY has finally begun to give way to trending prices; but support showing at a big level may bring a respite in the bearish price action.
Silver remains constructive, price pattern in gold could determine how things play out soon.