Breaking News – U.S. GDP
U.S. Q3 Advance GDP Price Index q/q down to 1.2% vs 1.5% growth expected and Advance GDP q/q 1.5% to expectations of 1.6%.
U.S. Q3 Advance GDP Price Index q/q down to 1.2% vs 1.5% growth expected and Advance GDP q/q 1.5% to expectations of 1.6%.
The EURUSD pair broke higher during the course of the session, and as a result it appears that the market should continue
The EURUSD pair went back and forth during the course of the day on Monday, bouncing off of the trend line most importantly.
AUDUSD pair did nothing during the session on Monday that warranted any type of trading.
The People’s Bank of China (PBOC), the central bank, decided on Friday to cut the reserve requirement ratio (RRR) of banks, and benchmark interest rates.
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.
The AUDUSD pair initially fell during the course of the session on Thursday, but found enough support near the 0.72 level to turn things back around.
The USDJPY pair broke higher during the course of the session on Tuesday, testing the 120 level.
The AUDUSD pair went back and forth during the course of the day on Tuesday, eventually closing with a fairly negative looking candle.
EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern.