EUR/USD Latest – Ranging Ahead of Next Week’s US Data and FOMC Minutes
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10/06/21 10:53
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By tradinglounge · Posted
Bitcoin USD price, analysis (live) charts, news videos. Learn about BTC Elliott Wave bitcoin cryptocurrency, crypto trading. Bitcoin Headline News Today: Bank of America's Crypto traders drop 50% in this bear Market Crypto Market Summary Elliott Wave Analysis : Elliott Wave c of (ii) or c of (iv) corrective rally in line with the tech stocks Bitcoin Trading Strategy: Today I' looking at both the bearish and bullish Elliott wave counts and pointing out at what point they confirm as bullish or bearish. Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com -
While the Fed minutes last night stressed that more rate hikes would be needed, signs of weakness in commodity prices have given markets hope that perhaps the worst of the inflation surge is now behind us. Markets can, perhaps, cope with rate rises as long as the outlook further down the road is looking brighter. Asian indices made headway, taking their cue from the recovery in the US yesterday after a shaky couple of days. In the UK the political drama drags on, with no sign that the Prime Minister intends to resign yet even as resignations continue to flow from his cabinet and the wider government payroll. Investors now begin to turn their attention towards Friday's payroll figures, the main event of the week.
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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: Mostly higher, Europe expected up at the start… all this despite FOMC minutes and IMF highlighting the need for higher rates FX: USD remains strong after the FOMC minutes indicated more big rise in US rates to come. AUDUSD climbs after expanded Aussie trade surplus Equities: Earnings PSN CURY JDW. Watching IAG as BA cancels a further 10,300 flights this summer Commods: Oil up after 3mth lows. Gold 10mth lows. Coffee Robusta 11mth lows
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