Dow Jones Lurking Off Record Highs and Currency Volatility Quiet Ahead of Holiday Week
Ranges are growing increasingly prominent across the global markets – whether you are referencing gold’s multi-month channel, EURUSD at the middle of its October-November range or even the Dow consolidating one again just off of record highs. Will this quiet hold through the US-based holiday conditions or will volatility offset this assumed restraint?
Crude oil has been unpredictably wild lately, offering very little in the way of signaling a clear direction; there are some levels to keep in mind, but directional cues still await.
Sterling is back on the defensive but keeps price trading within the confines of a multi-week range. Here are the levels that matter on the GBP/USD weekly chart.
The Euro volatility index created by the CME represents the underlying currency’s pace well. The activity measure dropped to a 7-month low this past week, yet many are still seeking breakouts.
The Swiss Franc approaches several key technical levels to watch for in coming weeks.
The price of gold continues to slump, but potential for a major rebound still looms with XAUUSD eyeing a breakout from its bull flag.
Crude Oil = Black
Gold (XAUUSD) = Yellow
USD (DXY) = Green
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