The second month of the year tends to produce a risk-off tone, resulting in a stronger US Dollar.

Gold prices have rallied in seven of the past eight sessions.

An overlooked area of trader development is identifying weaknesses and turning them into strengths.

Supply and demand and support and resistance are similar trading concepts but have core differences.

Supply and demand affect every trade and every chart and are key to every price movement.

Gold is currently trading in an area of resistance amongst in a generally choppy environment; long-term chart looks bullish but may need more time.

Euro is trading near the yearly highs with the post-CPI rally threatening a major price breakout. The levels that matter on the EUR/USD technical charts.

The US Dollar (via the DXY Index) has reversed dramatically after the January US inflation rate report (CPI).

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.

Both AUD/JPY and AUD/USD rates have been rejected from critical resistance levels.