Weekly Technical Forecast: Dow, Dollar, Gold Quiet Raises Red Flags
The bullish backdrop in Crude Oil has come into question as price action has spent much of the past three weeks coiling into a symmetrical wedge.
Risk trends and trade wars have made for an unsteady backdrop for the broader financial markets. For the Dollar’s part, there is a discernible lack of role as key breaks immediately revert to struggle
Trump induced trade turmoil has lifted volatility in multiple assets classes like equities and emerging markets, but internal measures may be showing that Gold could soon show up as the hedge on persistent market stress
The Euro has been tricky with volatility keeping price congested, keep an eye on a developing price pattern on the 4-hr time-frame
S&P 500 posts largest weekly loss this year, while the DAX looks to tackle key support on a break below 12000
See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.