Forex Trading and Buying the Dip on Silver XAGUSD, Gold XAUUSD, S&P500, DAX, and Dow Jones.

In today’s GCI Market Outlook let’s take a look at Forex Trading on Brent Crude Oil, EURUSD, USDCHF, Gold, XAUUSD, S&P500, DJIA, DAX, and Silver, XAGUSD.

We were wondering, last time, if silver had peaked.

We see a pullback and now we wonder if we should buy the dip.

We are also seeing a pullback on gold and an oversold stochastic oscillator.

The latest bout of USD strength has caused these pullbacks on metals.

You can see the dramatic price action on EURUSD and USDCHF, especially.

We are also seeing dips on the US indices like the Dow Jones and the S&P500 with oversold technicals.

And don’t overlook the DAX with US/Europe trade talks going on.

Russia and Ukraine have not come to a peace deal which has caused Brent Crude and WTI to shoot up but we are getting technical short signals.

Also, OPEC will be meeting this Sunday so watch for a potential gap trade on Monday.

Almost every major economy has economic news this week so we will have plenty of opportunities.

We have interest rate decisions from the BoC, the Fed and the BoJ.

Of course, we are almost into August and the US Non-Farm payrolls will be announced on Friday.

That’s all for now.

CFDs and FX are leveraged products and your capital may be at risk.