Happy Thanksgiving review

Monica Kingsley Monicakingsley

S&P 500 continued rising also through the Wednesday‘s regular session, much to clients‘ satisfaction – so lasting are the consequences of refusal to decline on poor retail sales and PPI Tuesday, that not even three white soldiers on ES daily stood a chance.

Check out Wednesday‘s super extensive analysis feat. 8 charts in its full version, unlocking premium insights driving profits and learning.

For all the festive mood – Happy Thanksgiving once again – more than a modicum of bullish caution is a good idea for shortened Friday‘s trading, regardless of bonds and volatility still painting a very clear picture. No path – up or down – is typically a straight one.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold recovers swiftly from weekly low, climbs back closer to $5,000 ahead of US CPI

Gold regains positive traction during the Asian session on Friday and recovers a part of the previous day's heavy losses to the $4,878-4,877 region, or the weekly low. The commodity has now moved back closer to the $5,000 psychological mark as traders keenly await the release of the US consumer inflation figures for more cues about the Federal Reserve's policy path.