Smashing reversal

Monica Kingsley Monicakingsley

S&P 500 and Nasdaq offered plenty of intraday volatility, trying to break lower, but still capped within QQQ 606 and 601 areas. Today‘s inflation data will set the tone, and clients knew already what is my leading scenario to unfold. USD is having a hard time rising, isn‘t it so?

Premarket game plan shared with clients is playing out already, and my focus remain Nasdaq and gold today, for all the right reasons. Forget not about oil, aand going into the weekend...

Author

Monica Kingsley

Monicakingsley

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

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.