Strategy Webinar: Technical Levels amid the Geopolitical Minefield

Talking Points

• Review of current / active setups in focus amid rising geopolitical threats
• Updated targets & invalidation levels
• Looking for more trade ideas? Review DailyFX’s 2017Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET)

Global geopolitical tensions have continued to rise and while White House news reports are dominating the headlines, our focus, is on price. The turnover in the DXY as well as the SPX we discussed last week have materialized and heading into the start of the week, our broader outlook remains unchanged. The U.S. Consumer Price Index & Retail Sales figures released on Friday were both below market expectations and continue to highlight the risk for further USD losses after the extended holiday break.

This week keep an eye on Gold prices and USDJPY- both of which are approaching key technical thresholds (above resistance in gold- support in USDJPY). Event risk this week is rather limited from a data standpoint but we’ll be closely monitoring the ongoing situation in North Korea & Syria as well as the upcoming French Elections. Updated technical setups and key levels discussed (in this order) on DXY, Gold, Silver, GBPUSD, USDJPY, SPX, USDCAD, Crude, AUDUSD, AUDJPY, GBPJPY & GBPNZD.

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Key Data Releases

Other Setups in Play:

• USD/CAD Consolidation to Face Bank of Canada
• AUD/NZD Trapped- Rebound at Risk Below 1.09
• AUD/JPY: Sell-off Approaches Initial Support Hurdles
• GBP/USD: Fret Not, a Resolution is at Hand- Critical Support 1.23

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.