Given the geopolitical risk of North Korea threatening the US this has seen a weaker dollar form, and with the less than expected CPI figures last week, it is to be seen if EURUSD can hold its gains this week
Break Out of Consolidation?
GBPUSD had a small climb last week on the back of a weaker dollar, and it is to be seen this week what effect the many upcoming news releases will have on GBPUSD. after some bad UK CPI data today, GBPUSD has shown some weakness and the effect is to be seen if it will hold or weaken
USDJPY has rebounded last week from its lows and is now reaching the mean area of its price channell, it is to be seen this week if it will continue upwards, or as many think it will bounce of the top of the channel and continue downwards.
Gold to Gain Value?
The arising geopolitical tensions are working in favour of gold, which is enjoying appreciation vs the past few months where it had suffered a depreciation. Hopefully gold will break its current resistance and shoot past the $1300 level
Oil Stuck between $48-$50?
Oil has stuck in a range since last between $48 and $50, and looks as if it could break higher in coming weeks. It is to be seen how it will behave as well given the geopolitical risk that is going on at the moment