November 2017

Yellen, Draghi, Carney and Kuroda Ready to Rock the Market!

We will see what happens when all these Central Bank superstars start talking at a panel discussion titled “At the heart of policy: challenges and opportunities of central bank communication” at the Central Bank Communications Conference hosted by the European Central Bank, in Frankfurt. https://www.dailyfx.com/forex/video/live_events/2017/11/14/Fundamental-Trading-Will-Yellen-Draghi-Carney-and-Kuroda-Turn-the-Boat.html  

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AUD USD Continues Forming Perfect Ending Diagonal

Chinese data was the latest thing to help the AUD USD keep forming the ending diagonal we have been watching for the 4 -8 hour. Once it is finished a complete reversal may be in the works long term but for now, short trades continue to be working out well. https://www.dailyfx.com/forex/market_alert/2017/11/14/Aussie-Dollar-Struggles-with-Follow-Through-on-Chinese-Data-Miss.html

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Gold Drops Back Down on Tax Cut

You may have noticed how Gold and Silver were making a nice little wave 5 on the 1 hour when all of a sudden they slipped right on back down causing a more spread in time chaotic correction. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2017/11/08/Gold-Prices-Still-at-the-Mercy-of-US-Tax-Cut-Prospects.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:commodities

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Oil Finally Pokes Through Critical Resistance and Climbing

Now that oil has broken important resistance to make new recent highs the pattern emerging is definitely an uptrend on the daily and weekly but still a correction on the monthly in case we forget. https://www.dailyfx.com/forex/video/live_events/2017/11/07/US-Oil-Secures-Breakout-but-Where-Will-it-Generate-Follow-Through.html?DFXfeeds=forex:video:live_events

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