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Apr 22, 2013

Forex: EUR/JPY opens sharply higher, pair set to re-test 131.00?

The EUR/JPY is starting the week on a strong note, gapping up 68 pips to open at 130.53. It looks like the pair has its eyes on re-testing the 131.00 resistance level which capped advances last week.

Commodities Brief: Potential “bear flag” patterns forming on gold and silver charts

The precious metals continue to consolidate after the major losses suffered early last week. Given the reaction to China GDP last Sunday, it will be important to keep an eye on HSBC China PMI due out on April 23rd at 2:30GMT. There will also be some important data to monitor out of the US this week such as Existing Home Sales, Durable Goods, and Advanced GDP...