Market speculators are really bullish on this pair as they target a potential of a hundred and sixty five pips trade as market structure is confirming bullish sentiment as we view an inner W pattern formation inside a larger W pattern formation.
The world-concerned US presidential election is about to be held within less than a week. Before the reveal of the Biden family’s corruption scandal, I believed that Joe Biden was certain to win with a 17-point lead over Trump. But the situation is different now as Biden’s approval rating remains skewed to the downside with an only 7-point lead.
People seldom make the right decision.
ECB Pre-Commits to More QE in December, EUR/USD and DAX Reaction
For six straight days trading session, this pair was in a strong bullish drive as market speculators ensured price action was in a buyer’s territory as they breached not only the falling deep wedge pattern formation but also the previous resistance zone area around price level handle of 0.876, now turned support area.
All the market's a stage, and all the men and women merely players: traders have their exits and their entrances.
Contracts for Euro and Japanese Yen implied volatility versus the U.S. Dollar expiring in a week climbed to their highest since early April.
With less than a week to go before the U.S. presidential election on November 3 we take a closer look at the latest gold market developments. With the yellow metal having gone increasingly stale around $1900/oz we turn our attention to the options market for clues as to how investors and traders are positioning themselves ahead of Tuesdays major risk event.
A rush of additional trading in derivatives linked to the heir presumptive to Libor bodes well for the transition to a new standard reference rate for dollar funding markets.
Saudi Arabia is set to announce major labor reforms that could effectively end its controversial “kafala” system for foreign workers, a news outlet close to the government reported.
A glitch in the European Central Banks system for settling large-value payments by commercial and central banks has resulted in a drop in deposits worth more than 400 billion euros ($473 billions).
Housebound Americans new buying habits are showing up in everything from home-renovation supplies to takeout chicken and casual footwear.
Kuwaits central bank cut interest rates on some monetary policy instruments in an effort to ease pressure on the currency while helping the economy cope with the impact of the Covid-19 pandemic.
The Guaido administration's loss in a lawsuit over Citgo's assets shows the folly of dragging international investors into the highly polarized conflict of Venezuelan politics.
A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.
Government spending -- on infrastructure, education, research -- is what's needed to speed a recovery.
Retail sales fell at the fastest pace since June this month, a fresh sign that the U.K.s fragile economic recovery is faltering.
Even when using an equal-weight measure for the S&P 500 and not adjusting for inflation, there is no correlation between the market and GDP.
During this week trading session, market speculators would be expecting a further drop extension as we see a visible bearish pattern formation of a heads and shoulder with a confirmed test of the neckline and during the Monday trading session, market participants, are once again looking to retest the neckline range.
S&P 500 futures are gaining ground in premarket trading after the release of better-than-expected Durable Goods Orders report.
WikiFX | News 2020/10/29 9:10:11
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