At the time of writing, XAU/USD is flat in Asia following a mixed day overnight. The price is consolidated at $1,836 following a choppy trading day and steep correction where the dip was an attractive discount for the bulls.
EUR/USD is on the verge of a significant correction according to the following top-down analysis that illustrates the market structure and bearish bias across the monthly, weekly and daily time frames.
EOS price may log the largest one-day gain since July 3, 2017. No signs of an extreme overbought condition on the daily or weekly Relative Strength Indexes (RSI). Block.one announces plans to launch a cryptocurrency exchange subsidiary.
We expect US rates and yields to continue to tick up over the next 3-6 months as the US recovery gains speed, inflation expectations and real interest rates continue to rise and markets really begin to discuss the timing of Fed QE tapering.