The WTI Crude Oil market initially fell during the trading session on Friday, but then shot through the $55 handle, an area that I thought would be significantly resistive.
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Get the USD/JPY Forex signal for November 6, 2017 here.
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Get the USD/CAD Forex signal for November 6, 2017 here.
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Get the GBP/USD Forex signal for November 6, 2017 here.
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Get the EUR/USD Forex signal for November 6, 2017 here.
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Gold prices settled at $1270 an ounce on Friday, suffering a loss of 0.24% on the week, as expectations of tighter monetary policy in the U.S pushed the dollar higher.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6, 2017.
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Get the Forex forecast for the week of November 6, 2017 featuring which pairs to pay close attention to during the week.
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Gold prices rose slightly on Thursday and closed the session at $1275.88 an ounce.
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The S&P 500 fell initially during the trading session on Thursday, breaking down to the 2565 handle. The NASDAQ 100 fell initially during the day, testing the 6200 level for support.
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The US dollar initially fell during the trading session on Thursday, but turned around to form a hammer.
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The WTI Crude Oil market initially fell during the trading session on Thursday, but found support underneath to turn around and form a positive candle.
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The British pound got absolutely hammered during the day as Mark Carney said after the interest rate hikes that the next interest rate hike will be a very gradual process, not something that happens immediately.
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The EUR/USD pair has recently broken down below a head and shoulders pattern on the daily chart, which had a neckline near the 1.17 level.
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