FOMC yesterday was perceived hawkish. USD is much stronger across the globe and the chances for a rate hike in June are above 90%.
EUR/USD felt that yesterday but the downswing was stopped because of the debate between Macron and Le Pen. It is said that Macron won the debate and that is why EUR became stronger. I do not know if you remember but after Trump – Clinton we had the same and we all know what was the final outcome.
USD/JPY broke the upper line of the flag, which is bullish. Not much to add here, technical analysis says it all.
Silver is about to test the long-term up trendline (weekly chart). That is a last chance for the buyers to keep the rest of the positive sentiment alive. Situation is very bad and all that they can pray for is a take profit action in the sellers camp.
Gold is also getting hammered. We broke an up trendline on a daily chart and denied the bullish flag. All that is negative and denies the positive sentiment (if there was any left).
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