The S&P 500 exploded to the upside on Monday, breaking above the 2450 handle. The NASDAQ 100 also bounced during the day, continuing the move that started on Friday.
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The US dollar shot higher during the session on Monday, testing the uptrend line that had recently given way. The Australian dollar initially tried to rally during the Monday session, but fell lower during the day.
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The WTI Crude Oil market initially tried to rally during the session on Monday, but fell rather precipitously, breaking through the bottom of a hammer from the Friday session.
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Gold prices fell $8.59 an ounce on Monday as easing tensions between the United States and North Korea boosted appetite for riskier assets.
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Gold prices are modestly lower in afternoon U.S. trading Monday as surging U.S. stock markets and a rebound in the dollar took some momentum
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Get the USD/JPY Forex signal for August 14, 2017 here.
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Get the GBP/USD Forex signal for August 14, 2017 here.
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