Global markets started this new week on a bearish note. US futures and Global stocks trading lower on Monday. For this week, the main drivers for the Financial markets remain the US dollar and bond yields movement, Fed Chair Jerome Powell’s testimony and the EU summit.
GOLD
On Monday, during the European session, the precious metal trading below $1730 area. Overall, the momentum remains bearish throughout the session.
The key technical levels to watch this week:
Support: $1718 and $1700
Resistance: $1744 and $1756
DOW JONES
Dow Jones futures extend lower on Monday ahead of Fed Chair Jerome Powell’s speech due later in the day.
The key technical levels to watch this week:
Support: 32200 and 32000
Resistance: 33000 and 33300
EURUSD
The currency pair continuously trading weaker against the dollar on Monday.
The key technical levels to watch this week:
Support: 1.1840 and 1.1820/1.1800
Resistance: 1.1940 and 1.2000
US DOLLAR INDEX
The greenback trading steady on Monday. For this week, the traders and investors will also pay attention to the important data for USD this week, U.S. Fed Chair Jerome Powell’s testimony and U.S. GDP is due on Thursday.
The key technical levels to watch this week:
Support: 91.30 and 91.00
Resistance: 92.30 and 92.70