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SILVER TECHS

Bullish Extension

GOLD TECHS

Heading North

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Bullish Conditions Remains Intact

USDCAD TECHS

Extends Lower With Bears In Charge

US
US: Markets continue to shy away from risk alongside the US opening bell, with
US equity markets nursing losses at the open after an extended weekend. While
the moves haven't been triggered or driven by any headlines, the lingering
tension between the US and EU over the weekend hasn't helped matters. President
Trump is expected to have received documents this weekend that prove car imports
from the EU constitute a national security threat, justifying any US move on car
tariffs (which would likely be reciprocated swiftly by the EU).
The risk-off moves in equities have filtered through to both currencies and
bonds, with Treasuries well bid and the USD sinking across the board. Spot gold
is having a strong session, rallying to ten month highs and outperforming the
wider commodities complex, which is generally lower.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com