Day: November 10, 2022
• WTI reversed from resistance 92.25 • Likely to fall to support level 82.90 WTI crude oil recently reversed down from the pivotal resistance 92.25 (previous monthly high and top of wave A from October) – intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from June. The […]
• AUDUSD reversed from resistance 0.6515 • Likely to fall to support level 0.6300 AUDUSD currency pair recently reversed down from the key resistance 0.6515 (which has been reversing the pair from the end of September) – standing near the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from August. […]
It seems that Democrats are doing slightly better than expected in the midterm elections, and the head-to-head race points to the possibility they may be able to retain control of the upper house. The broad market shows a relatively tepid reaction to the incoming elections news: short-term FX and equity markets volatility remains relatively low, […]
Daily Market Outlook, November 9, 2022 “Asian markets are generally softer, failing to pick up the bullish baton set up by the positive tone from European and US markets. China has removed Covid restrictions in the critical Zhengzhou region which houses the major iPhone production plant, this news was accompanied by an extension of restrictions […]
