The series of higher-lows off of the Oct 15 low at 1813.00 remains the dominant feature of the 7 session, 143.25 point, 8% advance.
As we speak, the e-SPZ is retesting yesterday's high of 1956.25.
Inability of the index to climb to new high before a break below 1946.00 will trigger initial sell signals in my short-term work.
For the time being, however, the bulls remain in directional control, but will they be able to jam the index to sustainable new rally highs?
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GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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