In this video, I outline the risks and targets in the USDJPY as we work toward the close for the week, and the look ahead to the new trading week. What is the bias? What are the targets? What is the risk? What did the price action today and this week tell us technically about
In this video, I outline the risks and targets in the USDCAD as we work toward the close for the current week, and the look ahead to the new trading week starting October 9, 2023. What is the bias? What are the targets? What is the risk? What did the price action today and this
In this video, I outline the risks and targets in the USDCH as we work toward the close for the week, and the look ahead to the new trading week. What is the bias? What are the targets? What is the risk? What did the price action today and this week tell us technically about
The major US indices are closing higher for the day. The gains came despite strong and expected US jobs report and higher yields. Traders are hoping that the tame wage data and the unemployment rate remaining unchanged at 3.8% (expected 3.7%) will keep the Fed on hold. Next week we get key consumer price index
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices on course for worst week since mid-March Retail traders recently turned net-long WTI, a bearish sign Prices broke under key moving averages, where too? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices are on course to
Last week inflation data for the eurozone came in weaker than expected, giving a glimpse of hope that it will continue to drop in the near future. However, overall inflation remains elevated and the rising energy prices might exert additional pressure in the coming months. That said, the ECB is likely to keep rates on
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices fell the most last week since June 2021 And now, 85% of retail traders (IGCS) are net-long Overall, things are not looking great for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices sank about 4 percent last week. To give
The month ended with some equity buying in Europe but it wasn’t a pretty picture for the week or September (aside from the UK). I do love when a month ends on a Friday though, so it’s a clean slate for October. On the day: Stoxx 600 +0.5% German DAX +0.5% France CAC +0.4% UK’s
> What technical levels are in play for major currency pairs going into the new trading week Technical levels in play for the week starting October 2, 2023 EURUSD: USDJPY: GBPUSD: USDCAD: AUDUSD: NZDUSD: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE
The EURUSD is looking to close the trading week below the 200-hour MA and a cluster of resistance near 1.0610, but above the 100-hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week. In the video, I break down the levels and explain why they are
