Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is
Australia trade balance up less than expected in Oct, exports muted
This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD. It also examines key price levels that could come into play ahead
Oil heads for 7th weekly loss as supply surplus, weak China demand weigh on market
9:10am Trade (1 HR) EURUSD:Buy 1.07839 tp 1.07996Sell 1.07710 tp 1.07562 GBPUSD:Buy 1.25660 tp 1.25766Sell 1.25565 tp 1.25451 USDJPY:Buy 144.219 tp 144.714Sell 143.789 tp 143.294 USDCAD:Buy 1.35946 tp 1.36033Sell 1.35849
The U.S. ISM services PMI and November U.S. employment data will take center stage this week. These reports are likely to offer invaluable clues about the health of the U.S.
China trade balance grows in Nov on improved exports, but imports fall
Gold prices almost hit the $2150 level as safe haven demand from increasing tensions in the Middle East. XAU/USD now looks to be in for a breakdown lower.
Oil prices rebound, but still set for seventh straight week in red
Bitcoin and Ethereum have broken through prior areas of resistance and are back at levels last seen 18 months ago.