Forex commentary:
The dollar gained strength today as worries about the debt load of Ireland weighed on the euro which gave the dollar relief from his descent recently.
Gold hit a new record to $ 1400 per ounce today as increased on concern over inflation.
Negotiation/chart settings in the foreground:
GBPUSD
The GBPUSD moved lower today, supporting around 1.6100, hitting this level you must take if we get another strong upward movement in this pair. operators may also keep an eye out for fakey configurations or pin bars that occur near this level after New York close tomorrow.
For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.
Other markets:
On Wall Street, stocks pulled back today as traders retreated from a manifestation that drove the indexes to the higher levels from the peak of the financial crisis in September 2008.
The Dow lost points 37.32 or 0.33%, S & P 500 lost points 2.62 or 0,21% and the Nasdaq acquired points of 1.07 or 0.4 per cent.
The next important ads: 11/8
05: 30: Britain – production production m m
4: 00 pm EST: New Zealand – RBNZ financial stability report
8: 30 pm EST: Australia – Home Loans m m
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