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EUR/USD Daily Analysis – Friday, November 10
Article By: ForexCycle
Friday, November 10, 2017 6:23 AM EDT
On the upside, a breakout of 1.1690 resistance will indicate that lengthier consolidation for the longer term downtrend from 1.2092 (Sep 8 high) is underway.
In this article: FXE, UDN, UUP
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Gold Prices Rise As Senate Tax Plan Leaves Markets Disappointed
Article By: DailyFX
Friday, November 10, 2017 6:11 AM EDT
Gold price edged higher as the US Dollar declined, increasing the appeal of anti-fiat assets epitomized by the yellow metal, after the Senate’s tax cut proposal underwhelmed.
In this article: BNO, DBO, GLD, OIL
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UK High Street Sales Suffer "Most Horrific" October On Record
Article By: Tyler Durden
Friday, November 10, 2017 6:00 AM EDT
It was the worst month since right before Brexit in April 2016.
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Gold Trades Near Three-Week High
Article By: Alp Kocak
Friday, November 10, 2017 5:57 AM EDT
XAU/USD moved higher as expected after prices got back above $1283.50, but the market was unable to penetrate the resistance at the $1288 level.
In this article: XAU Also: GLD, UDN, UUP
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China ETFs In Focus As Inflation Increases
Article By: Zacks Investment Research
Friday, November 10, 2017 5:52 AM EDT
China’s consumer prices increased 1.9% year over year in October compared with 1.6% in September and above expectations of 1.8%, per the National Bureau of Statistics (NBS). It is still way behind China’s target of 3%.
In this article: MCHI, GXC, FXI
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Will Forex Volatility Ever Return? This Is Frustrating
Article By: Yohay Elam
Friday, November 10, 2017 5:45 AM EDT
In theory, long periods of volatility serve as the “calm before the storm”. Markets were quiet before the great financial crisis of 2008. The carry trade worked perfectly well until it didn’t.
In this article: GBBEF
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The US Dollar Moved Away From Local Highs
Article By: JustMarkets
Friday, November 10, 2017 5:41 AM EDT
The dollar index closed in the negative zone. Nevertheless, demand for the US currency remains.
In this article: QQQ, DIA, SPY, JYNFF, UDN, UUP
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Dollar In Doldrums Over Tax Reform Worries
Article By: Barbara Zigah
Friday, November 10, 2017 5:31 AM EDT
The US Dollar continues to be under pressure in Asian trading and is poised to record a loss for the week on investor disappointment over the latest tax reform proposals.
In this article: JYNFF
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Dividend Champion Portfolio November Update
Article By: Scott's Investments
Friday, November 10, 2017 5:20 AM EDT
The list is comprised of stocks that have increased their dividend payout for at least 25 consecutive years.
In this article: ADM, ED, HP, KMB, MO, NNN, ORI, PEP, PG, SON, T, TGT, XOM
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EUR/USD: Trading To Close At Around 1.1620
Article By: Alpari
Friday, November 10, 2017 5:11 AM EDT
Since trading volume has been low over the last 12 hours, the price could dip to 1.1635 before reaching a new high.
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Retail Apocalypse? Deflationary Collapse?
Article By: Mish Shedlock
Friday, November 10, 2017 5:02 AM EDT
Through the third quarter, 6,752 locations were scheduled to shutter in the US according to the International Council of Shopping Centers.
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UK Data Beats Expectations – GBP Rises
Article By: Yohay Elam
Friday, November 10, 2017 4:53 AM EDT
Better than expected numbers on all fronts. The UK trade balance deficit squeezes to 11.253 from a downward revised 12.35 billion.
In this article: GBBEF
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Digital Democratization
Article By: Chris Skinner
Friday, November 10, 2017 4:44 AM EDT
Everything from banks to governments to charities to business will be far more transparent than it has ever been, as technology gives access and truth.
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5 Stocks That Doubled In 2017 And Can Keep Soaring Higher
Article By: Zacks Investment Research
Friday, November 10, 2017 4:31 AM EDT
U.S. stock markets are now hitting all-time highs on a daily basis. Stocks have mostly rallied since last year’s election, with a booming U.S. economy, supportive monetary policy and robust corporate earnings being the key triggers.
In this article: CORT, UCTT, RH, MTOR, MU
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British Pound – Where To From Here?
Article By: Orbex
Friday, November 10, 2017 4:22 AM EDT
Last week, the Bank of England hiked interest rates for the first time in nearly a decade by 25 basis points. The rate hike was widely expected, and the BoE Governor Mark Carney hinted that future rate hikes would be limited and gradual.
In this article: FXB, GBBEF
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Natural Gas - Friday, November 10
Article By: Petros Steriotis
Friday, November 10, 2017 4:13 AM EDT
Is Natural Gas ready for the long-term breakout?
In this article: UNG
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