Charts Today - UK and French markets make new all time highs

David Linton Updata Ltd

Charts Today - 18 May 2018 - UK and French markets make new all time highs

Dollar holds strength. Euro remains weak as does Yen and Sterling.
Bitcoin bearish.
US indices lower, broader market higher. Europe up to break January highs. Asia mixed.
Crude oil holds gains.
Gold and Silver putting in bottoms.
Bond yields hold gains.
US tech down overnight.

Author

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.