Breakout at hand or not

Monica Kingsley Monicakingsley

S&P 500 neatly recovered from the bearish Sunday gap, and neither Nasdaq showed signs of giving up the bullish progress. And test of the bullish resolve, and off the opening bell, straight up. Precious metals running, delivering more client gains, sidestepping the slump in the second half of the day. Precious metals recovered, USD is wobbling badly as talked in Saturday‘s extensive analysis, and ES had overcome two important resistances, so is it out of the woods, or time for a little wobble first?

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD remains firm, targets 1.2000

EUR/USD carried over Monday’s momentum, pushing up toward the proximity of the key 1.2000 area, a level not seen since June 2021. The ongoing leg higher reflects continued selling pressure on the US Dollar, with the broader risk backdrop still supportive and investors once again zeroing in on tariff-related risks coming out of the White House.

GBP/USD pushes harder, targets 1.3800

GBP/USD is pushing to fresh multi-month highs, approaching the 1.3800 mark, with broad-based US Dollar weakness firmly in control on Tuesday. The Greenback remains under pressure after fresh headlines suggested President Trump has reignited the trade war, denting confidence in the currency ahead of the Federal Reserve’s policy decision.

Gold recedes from tops, back to the $5,050 zone

Gold remains firmly bid on Tuesday despite giving away some of its earlier gains and edge back toward the $5,050 region per troy ounce. The precious metal continues to find support from a struggling US Dollar, alongside persistent uncertainty surrounding trade policy and broader geopolitical risks.