After trading to new weekly highs, the GBP/USD is approaching resistance at 1.3263.
Crude Oil prices are trading lower for the second day and testing current support near $46.87.
AUD/NZD closing for third consecutive week to the downside. Short term momentum seems to be exhausting for the cross. Long term Symmetrical Triangle
DJIA fails to be inspired by rate hike talks by the Fed. DJIA continues to trade in a tight range between 18,250 and 18,665.
As momentum stalls, the EUR/USD is consolidating ahead of tomorrows Jackson Hole Policy Symposium.
Crude Oil Prices continue to conslidate for the 5th session, after failing to breakout below critical support near $46.50.
Recent comments by Fed Chairwoman Janet Yellen has pushed gold prices lower into previously cited support. $1311-1320 may be an area of a technical
Gold prices closed lower last week, but are fast approaching daily support near $1,310.71.
The EUR/USD is trading at weekly lows after US Consumer Confidence figures posted better than expected.
As the Fed talks up a more aggressive path for rate hikes, the US Dollar has strengthened in broad based fashion. We will look at a bearish and bullish
