Today's Economic Highlight

GOLD -The GOLD rose and is nearing 2365.443. The momentum, however, is slow. We are waiting for further confirmation. Until the release on Thursday and Friday, we must wait for further confirmation. However, despite everything that may happen, our view on GOLD hasn't changed.

SILVER - The market is priced well for a bullish run. However, there is also a possibility for the price to position itself for a selloff once the news comes out with either an SHS or M formation. Thus, while we maintain our bullish position by seeing the SILVER as one of the safe-haven metals that increases along geopolitical tensions, Friday's results may affect it in some way. As the price currently stands, it is not far from testing 32.518.

DXY -The market has dropped all the way below 104.607 but has just as quickly come back up into the range. However, once in the range, the market gapped. We are waiting for further confirmation on how this market will move. We expect the prices to stall until PCE comes out. Momentarily, it may do one of two things: Stay on the support or move toward the top or middle of the range.

GBPUSD - The market has reached 1.27938 as we expected. After reaching the top of the range, the market decided to go down. One of two things may happen from here: Retest the middle of the range or consolidate here. We await further price action to confirm our move. However, as the price stands, the bullish structure is respected. Thus, we remain with our bias of the market being bullish.

AUDUSD -After the price reached above 0.66541, it has retraced back under it. This move may confirm the M formation or confirm the SHS formation formed underneath, or confirm the range. We await further confirmation and keep our risks to the bare minimum. 

NZDUSD  - The NZD has decided to test 0.61408, albeit slowly. This move may further consolidate the market within the range and delay any major moves. Thus, we await further confirmation. However, our bias for this market remains to be bullish.

EURUSD -EUR move may mean the completion of the second leg of the M formation after failing to reach 1.08950. We wait for further confirmation and see how the price will move from here.

USDJPY - The Yen trailed further losses against the dollar. Yen weakness will be evident across other pairs. Trade this with caution and close profits whenever you can. Leverage your trades wisely.

USDCHF -The CHF has found support on 0.90940 and has gone up to test 0.91329. We wait to see how the price will move from here. Bullish structure is respected and we will wait to see if the structure will hold up.

USDCAD -The market has stalled after having reached under 1.36563. However, the lack of volume and momentum disallowed the price to reach 1.36052 and is now testing the top of the range. Thus, we wait for further price confirmation before any price movement.