Forex commentary:
The dollar gained strength today as European countries that are heavily indebted were behind the headlines, the cost of protecting government debt against default increased substantially in the last week in Ireland, Portugal and Spain.
The euro has reached its lowest level in over a week against the dollar, hitting a low of 1.3750 today. the dollar was against a basket of currencies as the dollar increased at the rear of the currency market uncertainty today.
Negotiation/chart settings in the foreground:
GOLD
Gold formed a couple of good pin bar Setup last week that then pushed higher and savvy traders netted some seeds very decent.
We sent pin bar last Friday in the comment of Member before it came, broke with resistance and did what was an all time high. lower Price has rotated in Florida today close to, but this setting might have provided a risk of 1-2/reward if it was traded successfully. installing bar pin from 3 November worked very well.
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 stock fell today for a second day in a row as sell collected up closing, led by big losses as stocks of metal and Bank.
The Dow shed 60.09 points, or 0.53%, S & P 500 has lost 9.85 points or 0.81%, the Nasdaq lost points 17.07 or 0.66%.
The next important ads: 11/10
Safe boot: China – trade balance
06: 30: Britain – BOE Gov King speaks
06: 30: Britain – in BoE inflation report
09: 30: Canada-trade balance
09: 30: United States – trade balance
09: 30: United States – Unemployment Claims
2: 00 pm EST: speaks of the eurozone – ECB President Trichet
8: 30 pm EST: Australia – employment change
8: 30 pm EST: Australia-unemployment rate
10: 00 pm EST: China – CPI y/y
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