Blogs

Silver markets gapped lower to kick off the week on Monday, and then reached towards the $15.25 level or so.

The NASDAQ 100 gapped higher to kick off the week, pull back below the 50 and the 200 day EMA indicators during the session, only to turn around and rally again.

Gold markets continue to offer a bit of a safe haven for traders around the world as it initially dipped to kick off the week on Monday, but now has clearly busted beyond the $1750 level.

AUD/USD: Normal bearish retracement underway

USD/JPY: Resistance at 107.80 continues to hold

The Euro initially tried to rally during the trading session on Monday but found the 50 day EMA above to be a bit too resistive.

OPEC+ agreed to an unprecedented production cut of 9.7 million barrels per day or roughly 10% of capacity, ending a multi-week price war between the consortium and Russia.

The Australian dollar has rallied a bit during the trading session on Monday to pierce the 50 day EMA.

The US dollar fell hard against the Japanese yen to kick off the week on Monday, but it should be noted that liquidity may have been a bit of an issue

BTC/USD: Support at $6,576 probably strong