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Tech stock plunge drives indexes lower; Oil rebounds from 190 cent drop; EURUSD continues north after USD hits 2-week low
The EURUSD hit two-week highs last night adding 42 pips. The AUDUSD failed to hold gains settling 15 pips lower. The GBPUSD gave back a 36 pip rally to finish flat. The majors finished mainly lower to the Yen bar the EUR as it added 26 pips.read more
October set up good rallies from lows after Brexit developments. The GBP to the USD and JPY have been held by overall highs and ranges. After a three day decent this month price has rallied as news filtered through that progress was being made. Yesterday’s trade was volatile with price closing flat after strong moves higher and lower.read more
Looking at the Gold weekly chart several things are supporting further bullish momentum. The main point, for now, is the trend break bull made in early October. Price also made it’s first higher low during that week.read more
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