The WTI Crude Oil market continues to show strength during the session on Monday, as we broke above the $40 level. The natural gas markets fell during the course of the day on Monday, testing the $1.90 level.
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The S&P 500 initially tried to rally during the course of the day on Monday, but found the 2060 level to be far too resistive to continue. The NASDAQ 100 initially tried to rally during the course of the day on Monday as well, but also turned back around at the 4520 level to form a shooting star.
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The USD/JPY pair initially tried to rally during the course of the day on Monday, but as we had seen on Friday, the market tried to rally but failed. The Australian dollar initially fell, but turn right back around during the course of the session on Monday to turn things back around.
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Gold rose to a near three-week high on Monday as the greenback continued to weaken and equities surrendered earlier gains.
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Get the USD/CAD Forex signal for April 12, 2016 here.
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Get the USD/CHF Forex signal for April 12, 2016 here.
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Get the GBP/USD Forex signal for April 12, 2016 here.
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Get the EUR/USD Forex signal for April 12, 2016 here.
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Get the AUD/USD Forex signal for April 11, 2016 here.
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Get the USD/JPY Forex signal for April 11, 2016 here.
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Get the USD/CAD Forex signal for April 11, 2016 here.
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Get the GBP/USD Forex signal for April 11, 2016 here.
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Get the EUR/USD Forex signal for April 11, 2016 here.
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Gold prices settled at $1240 an ounce on Friday, scoring a gain of 1.6% on the week, as soft global economic data, the Federal Reserve's cautious stance towards hiking interest rates and a slide in equities lured investors back into the market.
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