Jason Sen breaks down weekly, daily & 4 hour charts to identify low risk trade ideas using Fibonacci sequence, moving averages, trend lines & pattern recognition.
EUR/USD is back below 1.0700, under renewed selling pressure in the European trading on Thursday. The pair is failing to find any inspiration, despite a calm market mood, Attention turns toward speeches from ECB President Lagarde and Fed Chair Powell. GBP/USD is trading above 1.2300, having regained the upside momentum in the European session on Thursday. A subdued US Dollar and a return of risk appetite seem to be fuelling the latest uptick. Powell's speech remains in focus.
Gold price remains depressed for the fourth straight day on Thursday and drops to the $1,944 area, or a fresh low since October 18 during the first half of the European session.The cryptocurrency market seems to be headed for a bull market after October’s gains extend into the end of the year. The current uptrend in crypto prices offers opportunities for traders, but it isn’t free from volatility.The VIX index, a key measure of fear in the U.S.
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