Following NFP report last week which seen as bullish despite an uptick on unemployment data, the focus mainly was the hourly wages which beat expectation of 0.4% vs expected 0.3%. This week economic data (JOLTs report) should give us a closer look at the labor force market and whether unemployment is really a ...
On a long term view, EURUSD is still correcting. If price rally above 1.0990, the pair may continue to be bullish for the next trading days. On the other hand, a break below 1.1020 suggests that correction is over and will push price lower.
Like Gold, Silver rallied as high as 21.10 before it turned down. Currently, price is trading sideways which may go as low as 19.00 area.
A break out from its corrective channel will signal that this metal is back to being bullish once again.
Last week, this metal did rally as high as 1375 and is now trading lower.
As long as Gold manages to stay within its channel, price may once again soar up towards 1350-1355 before going down once again.