After a strong rally in recent weeks, gold prices have stalled near key technical resistance located slightly above the $1,800 area, but the metal maintains a positive near-term outlook.
Oil prices surged more than 5% off the lows with WTI reversing sharply off key technical support- is a low in place? The levels that matter on the weekly chart.
FTSE 100 has struggled to hold onto gains after temporarily rising above 7,500. Price action suggests that bulls may be challenged by a few hurdles before the uptrend can resume.
The yen recovered some ground as markets reassessed the likelihood of a 75 bps hike in September following a cooler US CPI print. Dollar to remain supported, however