The AUD/USD pair is modestly up for a second consecutive day, hovering around the 0.7400 level. The aussie advanced following the release of the Q3 Gross Domestic Product.
In the following series of analysis, we look at the price action of gold in a top-down illustration and derive where the next bearish opportunity could arise for swing traders.
It is a mixed risk appetite mid-week following a strong start in global equities and high-beta forex which dampened demand for the greenback.
Joe Biden has been elected the 46th President of the United States according to Fox News, AP, ABC, NBC, and CNN. The former Vice-President has pulled ahead in Pennsylvania. The latest batch of votes from the Keystone State put Biden ahead by around 34,000 votes ahead of President Donald Trump. Here is the official post from ABC: ABC News can characterize Joe Biden as the apparent winner in Pennsylvania — a win that makes him president-elect.
A winner has yet to be declared in the 2020 Elections, which have turned into a nail-biter. Valeria Bednarik, Joseph Trevisani, and Yohay Elam discuss the results, the reaction in financial markets, and discuss what's next. High volatility is set to prevail.
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Investors received a shot in the arm from vaccine news, but these are having diminishing returns as virus cases continue rising. Not all markets are equal nor are currencies. How will the pandemic impact the dollar and the euro? What will central banks and politicians do?
"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"
"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public,
"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"
"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."
