The US dollar initially rallied on Monday but turned around to form a negative candle. The New Zealand dollar broke higher during the day on Monday, using the 0.70 level as a springboard.
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Gold prices rose $6.36 on Monday, recovering a portion of last week's losses, as the U.S. dollar retreated after rising for 10 straight days.
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The Euro continues its descent against the United States dollar, as we are now obviously reaching towards the 1.05 level. The British pound fell on Friday as well, testing the 1.23 handle during the day.
The WTI Crude Oil market initially fell on Friday but turned around to show signs of resiliency. The natural gas markets broke to the upside during the day on Friday as well, reaching all the way towards the 2.85 handle.
The US dollar rallied again during the day on Friday against the Japanese yen, but quite frankly I think we are getting overextended. The AUD/USD pair fell hard on Friday again, as we start to reach towards the 0.73 level again.
The S&P 500 had a fairly quiet session on Friday, as we continue to hover around the 2180 handle. The NASDAQ 100 fell slightly on Friday, testing the 4800 level for support.
Gold prices settled at $1209.08 an ounce on Friday, suffering a loss of 1.51% on the week, as renewed risk appetite and strong demand for the greenback continued to weigh on the market.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of November 21, 2016.