On Friday, it was all about rushing to seek shelter as markets braced for the uncertainty over the weekend that may befall the Israel-Hamas conflict. But as things weren’t as bad as feared, we’re seeing traders and investors start taking baby steps again to test the waters to start the new week. Here’s a snapshot
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 9 to 13, 2023. There were a total of 7 trades opened in all currency pairs. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator.
Sat: New Zealand General Election Mon: New Zealand CPI (Q3), PBoC MLF Tue: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep) Wed: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep) Thu: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance
Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures
The GBPUSD is trading to a new low for the day and the week, and in the process is in closer to a swing area between 1.2105 and 1.2111. Moving below that level and the 38.2% retracement of the move up from the September 2022 low comes into focus at 1.2076 followed by the low
Gold and Silver: Near-Term Technical Update Gold and silver prices ready to wrap up a strong week? XAU/USD and XAG/USD still remain broadly bearish What are the key points to watch ahead of the weekend? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast XAU/USD Analysis Gold prices are aiming higher heading into early European
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from October 2 to 6, 2023. There were a total of 5 trades opened in all currency pairs. The Owl Smart Levels indicator traded currency pairs both for buying and selling,
Mon: EZ Sentix Index (Oct) Tue: Nil Wed: EIA STEO, US PPI (Sep). FOMC Minutes Thu: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep) Fri: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan Prelim Note: Previews are listed in day order FOMC Minutes (Wed):
In this video, I outline the risks and targets in the GBPUSD as we work toward the close for the week, and the look ahead into the new trading week. What are the targets? What is the risk now? What did the price action today tell us technically? This article was written by Greg Michalowski
Oil rigs 497 vs 502 last week Gas rigs 118 vs 116 last week Total rigs -4 at 619 last week Crude oil is trading up $0.30 or 0.43% at $82.58. Its high price today reached $83.28. The low price reached $81.50. The swing area between $82.35 and $83.32 (see red number circles and yellow
