Daily Pivots: (S1) 204.98; (P) 205.49; (R1) 205.98; More… GBP/JPY is staying in consolidations below 206.84 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside be contained by 202.31 support to bring another rise. Break of 206..84 will target 208.09 high. Decisive break there will confirm long term up trend resumption. […]
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The major US stock indices are trading near highs. Each of the indices are up 0.70% to 0.80% (give or take).
For the trading week:
Nvidia is rebounding 1.67% and back above $180 a share. Broadcom is continuing its run to the upside with a gain of 2.52%. AMD which fell sharply yesterday is up 3.04% in trading today. Intel is up 3.07% as well.
Google is taking breather today with a decline of -1.24%. Microsoft is up 1.78%, and Amazon is up 0.61%
The US stock market will close at 4 PM today ahead of the Thanksgiving day holiday. On Friday however, the major indices will close at 1 PM.
The US bond market will have a normal day-to-day, but close on Friday at 2 PM ET the
This article was written by Greg Michalowski at investinglive.com.
Daily Pivots: (S1) 0.9318; (P) 0.9335; (R1) 0.9361; More…. The break of 0.9325 resistance suggests that EUR/CHF’s fall from 0.9660 has completed at 0.9178, on bullish convergence condition in D MACD. Intraday bias is back on the upside for 0.9452 resistance. For now, risk will stay on the upside as long as 0.9275 support holds, […]
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Daily Pivots: (S1) 0.8770; (P) 0.8784; (R1) 0.8803; More… EUR/GBP is still bounded in range of 0.8765/8663 and intraday bias stays neutral. Considering bearish divergence condition in 4H MACD, firm break of 0.8765 support will confirm short term topping. Intraday bias will be back to the downside for 55 D EMA (now at 0.8742). Sustained […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
Markets The UK budget announcement by Chancelor of the Exchequer Reeves was hoped for to bring some clarity on the future path of UK Public finances and provide markets with some insights on what to expect on the UK economic performance over the coming years. However, the political communication process was unexpectedly perturbed by an […]
The post Sunset Market Commentary appeared first on Action Forex.
Crude oil is currently trading at $57.98 that’s up $0.03 on the day.
Geopolitical news involving a hopeful peace agreement between Ukraine and Russia has traders eyeing its impact. The low for the week extended to $57.38. The high is at $60.85. Last week, the price closed at $57.97 nearly unchanged from the current level.
This article was written by Greg Michalowski at investinglive.com.
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