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Summary
Join professional trader and author Ed Ponsi for real-time, interactive technical and fundamental analysis of the Forex markets. Together we will view and analyze live charts and news, uncover opportunities for upcoming trades, and answer your questions during this fast-paced, 30-minute webinar.
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Editors’ Picks
Euro rolling into Asia pressuring the 1.1103 resistance
EUR/USD, on the daily chart, is trading in a downtrend below the 200-day simple moving average (DMA). However, since the start of December, the market is spiking up to the 1.1103 resistance.
USD/JPY resumes decline after faltering around 109.00
The USD/JPY is ending the day with modest losses, as despite encouraging words from US trade representatives, there’s nothing new on a trade deal with China.
GBP/USD: 1.3180 holds the key to further upside
GBP/USD traders modestly changed around 1.3160 by the press time of early Asian session on Friday. That said, overbought conditions of the 14-day Relative Strength Index (RSI) and the recent stop in north-run make buyers doubtful.
XAU/USD hesitates near $1480/oz resistance
Gold kicked off December with a bullish reversal to the 1480 resistance. Just above the level the 50 and 100-day simple moving averages (SMAs) are also acting as dynamic resistances.
WTI off multi-day tops, still holds $ 58 ahead of OPEC+ meet
WTI (oil futures on NYMEX) sees a minor correction from five-day highs of 58.66 reached on Wednesday. However, the bulls manage to retain the 58 handle ahead of the key OPEC and its allies (OPEC+) meeting to discuss the supply cut policy.