Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
NewsSilver markets rallied a bit on Tuesday, bouncing from the 50 day EMA. at the end of the day the market looks as if it is simply waiting on the FOMC.
IndustryThe direction of the EUR/USD into the close is likely to be determined by trader reaction to 1.2122.
IndustrySilver remains stuck in the range between the 50 EMA and the 20 EMA.
IndustryNatGasWeather called it “a messy” pattern this week as numerous weather systems track across the country with rain and snow.
IndustryWhile former Vice President Joe Biden returned to the White House with a record number of ballots, Federal Reserve Chair Janet Yellen was picked to be Treasury Secretary.
NewsMeanwhile, reports about a blast in Saudi Arabias capital Riyadh push WTI oil above the $53 level.
IndustryGeneral Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce after the bell.
IndustryUSD/JPY looks ready for a bullish reversal after a long-term downtrend. Why? Price action completed a bearish 5 wave pattern at the recent low (purple).
IndustryAs of 3:30 PM EST, both gold and silver are trading lower on the day. A stronger U.S. dollar is a major component of todays decline in pricing.
IndustryWhether it is tending on the bullish or bearish side of the chart, the XAU/USD market provides huge liquidity and tremendous leverage to gain in almost all situations as a result of its special position within the World’s political & economic systems.
NewsPlatformsFx is only 1.31 on the WikiFX APP. According to the latest risk warning, this broker currently has no valid regulatory status, please stay away from it !
ExposureDaily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
NewsExisting home sales surge
IndustryThe US dollar has gone back and forth during the course of the week, as we continue to dance around the ¥104 level.
IndustryThe British pound rallied during the course of the week after going back and forth rather violently as traders are trying to figure out where to go next.
IndustryWith Joe Biden’s administration most investors are swaying towards a boost in the USD, but his pick for Treasury secretary has just started a bearish curve. The dollar is heading for its longest losing streak in a month as Biden is set to start his presidency today, Wednesday.
NewsEUR/USD did not manage to settle above the resistance at 1.2175.
IndustryThe US dollar went back and forth on Thursday against the Japanese yen, as we are continuing to figure out what to do longer term.
IndustryThe Australian dollar did rally a bit during the trading session on Thursday but as you can see, we continue to struggle to get above.
Industry
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