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Gold Futures: downside looks unabated

Open interest in Gold futures markets rose once again on Monday, this time by nearly 9.5K contracts in light of first estimates from CME Group. In the same line, volume went up marginally by 8 contracts.

Gold looks vulnerable, could drop to 1,500/oz

The precious metal is extending the correction lower following last week’s test of levels beyond the 1,600 mark per ounce troy. Gold's negative move against the backdrop of rising open interest and volume is supportive of extra losses that could see the key 1,500 handle re-tested in the not-so-distant future.

USD/JPY has more room to rise after topping 110 – Confluence Detector

Dollar/yen has taken advantage of the optimism around trade talks and topped 110. Can it continue higher? The technicals look upbeat. The Technical Co
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USD/JPY holds the upside above 110.00 amid risk-on, ahead of US CPI

Having reached the highest levels since May 2019 at 110.21, USD/JPY has entered a phase of bullish consolidation on the 110 handle, as the bulls await
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