Global stock markets sold off sharplydue to reduced confidence in the global economic recovery.
U.S. stock index futures are higher due to upbeat earnings reports, along with merger and acquisition activity.
While 10Y US Notes is pointing back to highs, Japanese yen may stay strong, but watch out for a limited, short-term gains.
Approximately a third of the companies in the S&P 500 will report quarterly results this week.
EURUSD faces further upside pressure as it looks to resume its uptrend in the new week. Resistance comes in at the 1.1900
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The U.S. dollar is lower, resuming its downtrend. Lower prices are likely for the greenback longer term.
AUDJPY rally is expected to find sellers in 3, 7, 11 swing for further weakness. This article and video look at the short term Elliott Wave path.
Financials: As of this writing (6:00am) December Bonds are 7higher at 173’10 down 2’22 for the week, 10 Yr. Notes unchanged at138’18 down 26 for [...]
Weekly jobless claims were better than expected. Jobless claims in the week ended October 17 were 787,000 when 865,000 were anticipated.
Bulls have firm overall near-term technical advantage and restart price uptrend.
The uptrend may be expected to continue, while market is trading above support level 1.1830, which will be followed by reaching resistance level 1.1900 - 1.1930
The USDCAD is gaining for a 2nd straight day as apart of a rebound off just above the September low. Significantly, the weekly Hammer forming dramatically raises the odds for a higher October low versus...
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The double bottom on the daily December 30-year Treasury bond futures chart at the 173^10 173^11 level was taken out today.
Price downtrend remains in place and b ears keep near-term chart advantage.
Examining the present trends and relationships between the Dollar Index and Canadian Dollar and what those might tells us about the current strength of the underlying trends.
EURUSD shows incomplete sequence from September 25 low favoring more upside. This article and video look at the Elliott wave path.
GBPAUD moving higher, searching for resistance after dovish RBA. But BREXIT is a bigger issue , not to mention coronavirus cases. So is this only a temporary rise on GBPAUD?
The U.S. dollar is lower for a third straight session as safe-haven longs are liquidated.