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Commodities and oil hit new highs

From vantagefx.com

USD printed a “doji” weekly candle as prices hovered near recent highs. The DXY eased modestly on Friday but remains above the July swing high. EUR softened and closed below 1.1750 resistance. GBP failed to climb above 1.3726 again. USD/JPY pushed higher breaking out of its recent range. The August high at 110.80 remains resistance. NZD is holding just above support around 0.70. US equities ended a mixed bag with the Dow and S&P500 marginally higher, but the Nasdaq ticked down. Higher bond yields have helped boost value companies. Evergrande fears have diminished for now with Asian markets mixed to start the ... (full story)

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  • Category: Technical Analysis