Latest News: Commodities
AUD/USD is on the verge of a significant downside correction as the price meets daily resistance. Bears can target the prior resistance structure which has a confluence with the 38.2% Fibonacci retracement level of the daily impulse.
A more stable trading experience will permit investors to hedge their bets on the future proliferation of cryptocurrencies with a well-placed company that will earn trading revenues that are not directly impacted by the price swings of any one token.
Gold holds lower grounds after the previous day’s downbeat performance. The yellow metal dropped for three days in the last four even as the DXY remains dismal around a one-month low. US dollar weakness tests the bears amid dull markets.
EUR/USD looks for clear direction, recently rising, around one-month high. S&P 500 Futures ignore vaccine jitters amid the cautious optimism of the EU and the US central bankers. German CPI, US Retail Sales will be the key.
Coinbase (COIN) Global Inc's stock opened at $381, 52.4% above the reference price of $250, in the highly-anticipated Nasdaq debut on Wednesday.