technical

WTI Crude Oil went into this weekend above the 59.000 ratio, this as the commodity reacted quickly to developing news about Iran in a dynamic fashion.

Weekly analysis of oil, gold, forex, crypto and stocks. Discover key levels and trading opportunities for Spain and LATAM markets.

It was another constructive week for the US Dollar (USD), with the US Dollar Index (DXY) extending its steady climb and remaining firmly on the front foot so far this year. Indeed, the DXY pushed decisively back above the 99.00 mark, doing so with a fair degree of conviction.

Gold (XAU/USD) extended its positive performance this week, at some point hitting all-time tops just above the $4,640 mark per troy ounce. Since then, the yellow metal seems to have entered a corrective mood, attempting at the same time some consolidation in the upper end of the range.

The EUR/USD pair fell to a fresh January low of 1.1593, closing the week a handful of pips above the 1.1600 mark. Sellers defended the upside at around the 1.1700 level for a second consecutive week, despite broad US Dollar (USD) weakness.

The Pound Sterling (GBP) started off the week on a firm footing against the US Dollar (USD) and jumped to 1.3486 on Monday, following criminal charges against Federal Reserve’s (Fed) Chair Jerome Powell over cost overrun in the reconstruction of Washington’s headquarters.