USD falls on Fed's inflation concerns. GBP extends gains before 3Q GDP second estimate. EUR and AUD gain on soft USD. WTI consolidates near $58.
EURAUD shows 5 waves impulse from 10/28 low and could see further upside while dips stay above 1.505. Pullback should find buyers in 3, 7, or 11 swing
Our weekly column looks at recent news in Milk, Soybeans & U.S. Dollar
How are we looking at the currencies after the FOMC Minutes and ahead of Thanksgiving day data.
Good evening traders! Hope you're all doing great! Let's take a quick peek at GBPUSD and its interesting patter.
The pair remains weak and vulnerable to the downside despite its price hesitation
S&P 500 and NASDAQ futures advanced to new historical highs.
Broader USD quiet ahead of US Thanksgiving USDCAD influenced by options/cross sales USDJPY position liquidation continues
Good day traders! Today, let's look at USDMXN, gold and BTCUSD. Let's start.
US stocks hit new all-time highs. Flattening US yield curve weighs on USD. UK budget is in focus today. EURUSD losing momentum after German political tensions. Crude better bid before EIA data.
EURAUD is correcting cycle from 10/28 in 3, 7, or 11 swing and while the pullbacks stay above 1.5057 low, expect pair to resume higher or bounce in 3 waves
What to keep an eye on in the currencies for the shortened holiday week.
Higher prices ahead
Info on Tether
Commentary on this morning's Tether hack
Although currency bears pushed the greenback lower against its Canadian counterpart earlier today, the medium-term support line based on September and October lows continues to keep declines in check....
Bulls lose slight overall near-term technical advantage amid recent selling pressure.
Stock index futures are being supported by upbeat results from some retailers, along with the belief that the global economy is strengthening.
German Political Uncertainty Grows, EUR Traders Now Selling AUD Gets A Lift On Comments From RBA's Lowe, But Techs Still Weigh USDCAD Techs Continue to Improve, However Cross Sales Weighing Today...
Elliott wave analysis on GBPNZD.