technical

The 0.79 level is an area that we’ve been watching for a while here, and it’s acted like a basement, for the market.

For me, the 1.1875 level tells me everything. If we break above there, then the Euro continues towards 1.20 and beyond.

Morgan Stanley just reiterated that they expect data centers to continue to demand Nvidia hardware, and as a result, the AI scenario is still very bullish.

The USD/BRL finished yesterday’s trading slightly above the 5.5700 ratio, as holiday trading hits what is historically a low volume currency pair to begin with as speculators look for opportunities, but likely struggle to find any.

The resistant area at around $0.6720 may be producing a bearish reversal, which could lead to a buying opportunity after a deep retracement.

Gold dropped rather quickly during the trading session on Monday, as it looks like the chaos in the silver market is starting to influence what is going on over here as well.