FxAnalysis

The German DAX continues to see a lot of upward pressure overall, and at this point in time, I think we are more likely than not in the midst of trying to find our bottom.

The light sweet crude oil market looks very mush like a market that is trying to figure out what to do, as the Americans could attack the Iranians over the weekend.

The US dollar has fallen against the South African Rand again on Friday, as we continue to see the carry trade play out here. That being said, I am looking to sell all rallies here.

After closing the previous week in negative territory, EUR/USD gains traction on Monday and trades above 1.1850. In the second half of the day, investors will pay close attention to comments from central bankers.

The USD/JPY pair witnessed an intraday turnaround on Monday and retreated nearly 150 pips from the 157.65 region, or over a two-week high, touched in the aftermath of Japanese Prime Minister Sanae Takaichi’s landslide victory.

Gold is consolidating the latest uptick at around the $5,000 mark, with buyers gathering pace for a sustained uptrend as a critical week kicks off.