Market Update: Major markets continue to consolidate
Hi traders, today we look at some of yesterday’s fightbacks from risk markets.
These fightbacks have continued the current consolidation patterns, but for now, it looks like traders are looking for direction based on the number of risk markets that are currently sitting in consolidation patterns. We also touch on the GBPUSD and GBPJPY, but as noted in today’s video, it has very different influences at work. Traders will continue to monitor the ongoing developments regarding the UK withdrawal agreement.
Markets reviewed; EURUSD, AUDUSD, GBPUSD/JPY, Gold, GER30, US30 and NDX100
Data wise we have the UK and Canadian retail sales data coming out and US CB lending and UoM consumer sentiment data early in the NY session.
Have a fantastic weekend.
Today’s Market Analysis Video