Ron William, CMT, MSTA
FXStreet
Summary
In the first part of the Monthly Webinar (free for all users), Ron William will cover the next topics: * In life and in markets TIMING is everything * The History and Importance of Cycles * Linear vs. Non-Linear cycles * W.D Gann's Law of Vibration Watch Part II of the Monthly Webinar with Ron.
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Editors’ Picks
EUR/USD: Receding bullish potential
Range trading was exacerbated by a US holiday at the end of the week, with volumes across the FX board at lows throughout the day. EUR/USD is slowly gaining bearish scope, although a steeper decline will be clearer once below 1.1170.
USD/JPY slightly offered in the open, eyes on coronavirus headlines
The yen has picked up a start of the week bid across the board, moving up against the US dollar by 5 pips to a low of 107.42 from high of 107.47, falling further away from the end of week 107.50s.
GBP/USD: Bearish potential limited, but bull cautious
The GBP/USD pair has remained unchanged just below the 1.2500 threshold on Friday but closed the week with substantial gains. The UK and the EU committed to another round of Brexit talks this week in London.
Gold: Buyers can ignore soft weekly open below $1,775
Gold prices offered a downside gap near $1,774 to kick-start with the week on a back foot. Pandemic fears, geopolitical tensions keep safe-haven buyers strong amid global policymakers’ fight against economic suppression.
WTI bulls step up to the plate despite covid-19 risks
WTI is making tracks to the upside at the start of the week, rising some .4%. Last week's closing session had US futures in WTI fell back towards $40, with the August contract closing at $40.32, while Brent Sep closed at $42.80.