USD/CAD is testing a key spot of support as EUR/CAD attempts to set up a reversal.
The recent rise in the price of gold may unravel if it fails to push above the October high ($1730).
Chief Strategist John Kicklighter and Senior Strategist Christopher Vecchio, CFA discuss US inflation data and the US midterm elections.
The S&P 500 slumped on Wednesday on risk-off sentiment as traders awaited the results of the U.S. midterm elections and the October inflation report due Thursday morning.
Equities post modest losses ahead of Thursday’s CPI print.
The U.S. October inflation report could cause significant volatility in the currency market on Thursday, with the results likely to set the near-term trading bias for the EUR/USD.
Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points
The psychology of trading is often overlooked but is a key part of a professional trader’s skillset.
WTI slips back below the psychological $90 level. Demand fears and supply risks weigh on prices.
The yen has strengthened against the dollar, mainly due to more relaxed market expectations around the pace of future Fed hikes. USD/JPY support will pose a challenge
Login with Google
Login with Facebook