
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
EUR/USD is trading inside of the channel. Since it has touched the lower trendline, the move up is quite possible. However, the fresh virus outbreak in Europe may weigh on the single-area currency. If it manages to close above the 200-day moving average, the way to the key psychological mark of 1.1800 will be clear. On the flip side, if it drops below yesterday’s low of 1.1730, it may fall to the key support of 1.1700. Follow the ECB report and press conference as it will impact the euro.
The Canadian dollar dipped yesterday amid the risk-averse sentiment, lower oil prices, and BOC’s report. Today the loonie is trying to rebound from its losses. If USD/CAD manages to drop below the low of October 6 at 1.3250, it may fall to the 200-period moving average of 1.3230. In the opposite scenario, the move above yesterday’s high of 1.3320 will drive the pair to October’s peak of 1.3340.
USD/JPY is taking a break after falling. If USD/JPY drops below yesterday’s low of 104.20, the way to the key psychological mark of 104.00 will be open. Otherwise, the move above the resistance of 104.50 will drive the pair to the high of October 22 at 104.85.
XAU/USD bounced off the support of $1 875, but if it manages to fall below it, the way to $1 850 will be clear. On the flip side, the move above the 100-period moving average of $1 890 will drive the yellow metal to the 23.6% Fibonacci retracement level of $1 900.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
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