Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Gov Bonds 10 Yr Yields, US Dollar Index DXY, US Spot Gold, GDX, Silver, Copper, XLE Energy ETF, Crude Oil and Natural Gas.
Market Summary:We may see the USD DXY drop from current levels 113 this can support commodities, Indices and currencies etc for a rally.
The Gold and silver markets are in a downtrend, with crude in an up trend pulling back at the moment with an abc correction that is nearly completed. All eye's on the dollar as being central for commodity moves.
Video chapters
00:00 US Gov Bonds 10 Yr Yields.
02:04 US Dollar Index DXY.
04:21 GDX Etf. US Spot Gold.
08:04 US Spot Silver.
09:27 US Copper / Lithium / Uranium / Nickel.
17:02 XLE ETF / Crude Oil.
22:50 Natural Gas.
28:08 Thanks for supporting!
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EUR/USD remains stuck near 1.0800 after US employment data
EUR/USD struggles to find direction and moves up and down in a narrow channel at around 1.0800 in the American session on Wednesday. The data from the US showed that employment in the private sector rose less than expected in November and helped the pair limit its losses.
GBP/USD battles 1.2600 after US ADP data
GBP/USD is having a difficult time stabilizing above 1.2600 after closing the first two trading days of the week in negative territory. Despite the weaker-than-expected ADP Employment Change data, the US Dollar stays relatively resilient amid cautious market stance.
Gold rebounds to $2,030 as US yields stretch lower
Gold recovered toward $2,030 after testing $2,020 earlier in the day. The benchmark 10-year US Treasury bond yield declined to its lowest level in three months below 4.15% after US employment data and helped XAU/USD gain traction.
Bitcoin-based meme coin ORDI price action wobbles after 1,100% rally
The Bitcoin-based BRC-20 meme coin, which had people confused as being an actual valuable token, is now slowly creeping up to that status. ORDI price rise over the past couple of days has been astonishing, and with BTC driving the price and crossing $44,000, ORDI is also gaining rapidly. But not for long.
The Dollar is struggling to trend
For the last three trading sessions, the dollar index has been crossing up and down the 200-day moving average every day. All in all, the flirting with this level has been going on for more than three weeks, during which neither bulls nor bears were able to form a stable trend.