US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
NZD/USD to its Highest Level since March 2019
2020-11-11 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.
Fibonacci Levels
XAU/USD: Gold consolidates on the 23.6% retracement area the last day. There is an indecision between bulls and bears.
European Market View
Asian equity markets traded mostly higher as the region continued to benefit from the recent vaccine hopes. Looking ahead, highlights from macroeconomic calendar include OPEC Monthly Oil Report, ECB’s Lagarde, de Guindos, and Lane speeches.
Oil futures crept to new two-month highs on a sharp draw-down in supplies and anticipation of better demand in a post-pandemic world. Euro paused at $1.1820 ahead of a speech from European Central Bank president Christine Lagarde at 1300 GMT. The U.S. bond market is shut for Veterans Day but the yield on benchmark 10-year Treasuries posted its highest close since March on Tuesday at 0.9720%, leaving the spread with two-year notes the widest since February 2018.
EU Key Point
- Japan October preliminary machine tool orders come at -5.9% vs -15.0% y/y prior
- Germany reports 18,487 new coronavirus cases in latest update today
- Italy PM Conte reportedly says national lockdown cannot be the first choice
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US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
