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Market Blast 23 April 2019

   

23 April 2019

Welcome to this week’s Market Blast.

If you like to trade indices you will note that they often move together based on the state of the global economy like these recent bull runs.

However, driven by bad publicity from Boeing, the DJI has seen the opposite effect.

This may be a good time to watch for positive news and the reaction at this lower trend line and either buy the dip or sell on a break below.

Gold has broken out of this pennant and key levels of support and may have a long way to fall until we see the next support, assuming geo-political tensions remain low.

XAUUSD 23-04-2019

Looking at the US Majors we see Dollar strength right across the board except for USDCAD where we have a ranging market.

US Majors 23-04-2019

The strong USD versus the rising price of Crude has resulted in a stalemate for USD vs CAD but watch for an interest rate decision from Ottawa tomorrow.

Crude has been climbing all year and now, with renewed sanctions against Iran, prices are rising even further.

Finally, AUDUSD has broken this lower trend line and is sitting at support so watch for a break or a bounce to the next key levels.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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