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  • Gold slightly lower as equities, dollar put in mixed sessions $XAU $USD $DXY https://t.co/37c9N2gzgh
  • The $VIX can't continue to trace out this coasting pattern for long. Again, I don't usually throw technical analysis on indicators derived from underlying activity, but VIX has become a trading vehicle in its own right https://t.co/qBvMeOCmmW
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 0.31% Oil - US Crude: -0.08% Gold: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DpPoyNP5hl
  • After a strong breakout this summer, Gold prices have now spent almost six months digesting. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/H7k5kv4N5i https://t.co/shvReKpe1U
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ivQLPokYOs
  • The US Dollar is now trading lower again. After hitting an intraday low around 90.15, the $DXY rebounded to 90.25 but has turned toward again, falling back below 90.20. $USD https://t.co/xyglMBmakL
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% Wall Street: 0.06% US 500: 0.03% Germany 30: 0.02% FTSE 100: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SbFlX1iTdj
  • #Gold is consolidating slightly higher this week, around $1,850, after the precious metal's failed attempt at breaking above the $1,870 level last week. $XAU $GLD https://t.co/MyeWiBSQZR
  • US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. $GOVT $IEF $USD https://t.co/uT27KDUkhM
  • Hey traders! Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/WPk9aapKhs
Post-Election Trade Levels: Dollar, EUR/USD, USD/MXN, AUD/USD & Gold

Post-Election Trade Levels: Dollar, EUR/USD, USD/MXN, AUD/USD & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

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Post-Election USD Sell-off Plummets to Critical Support- Gold False Breakout Risks Deep Losses

News of a Covid-19 vaccine boasting more than 90% efficacy fueled a massive surge in risk markets into the start of the week with the SPX500 marking fresh record highs on Monday. The rally is stretching into a precarious zone into the open however with numerous outside-weekly reversals in the USD Majors last week suggesting the recent advances may be vulnerable. The Dollar Index (DXY) is now back at multi-year uptrend support and the immediate focus is on a reaction here this week. An in-depth look at the technical levels for the Dollar Index, EUR/USD, GBP/USD, USD/CAD, USD/MXN, AUD/USD, NZD/USD, Gold, SPX, NZD/JPY, USD/CHF and USD/JPY.

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Key Event Risk This Week

Key Data Releases - Economic Calendar - Weekly Event Risk - USD, EUR, AUD, GBP, NZD, JPY, MXN

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

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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