Fundamental

Gold (XAU/USD) started the week on a strong footing and gathered bullish momentum, reaching a new record-high of $4,967 in the Asian session on Friday.

Tensions between the USA and the EU seem to have resolved, but war drums continue to beat over Iran, as high volatility finally returns to the Forex market, while Silver and Gold soar to new record highs.

The EUR/USD jumped on Friday and went into the weekend around the 1.18263 ratio, this after trading near highs which were testing the 1.17500 resistance mark most of the week.

The price of WTI Crude Oil jumped on Friday before going into this weekend and finished near 61.290, which in the historical scheme of things still represents a rather cheap value for the commodity.

A weekly outlook on major markets including gold, currencies, Bitcoin, and equities with clear technical insights.

It was a rough week for the US Dollar (USD). Indeed, the US Dollar Index (DXY) not only gave back all its gains for the year but also slid all the way down to four-week lows below the 98.00 mark.