Forex

After rallying on the back of tensions in the Middle East, silver has moved to consolidate recent gains beneath resistance. Can it break higher, or is further consolidation required?

USD price action churned higher following UMich Consumer Sentiment Index for January, which crossed the wires at 99.1 and unchanged from December but slightly missed expectations of 99.3.

All currencies are not the same; emerging market FX trades differently than developed market FX.

Consumer sentiment data due Friday shortly after the New York opening bell has potential to weigh materially on the US Dollar as forex traders shift focus away from US-China trade deal headlines.

Gold prices moved in for a re-test of key resistance this morning but, so far bulls have been unable to continue the move.

The cryptocurrency rally continues with a swathe of coins making multi-week highs and continuing to paint a positive picture for the sector.

The British Pound continues to push slowly higher with all eyes now on the latest UK retail sales data. In the background, the EU and UK continue to prepare for life after Brexit.

The US Dollar may retrace some of its recent gains if consumer confidence data underwhelms and inflames 2020 Fed rate cut bets.

Crude oil prices have plenty of fundamental drivers at present. Chinese growth loomed large Friday. It came in exactly as markets expected but remains weak by recent standards.

Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.