The JPY is the strongest. The CAD is the weakest for the week. It is that time of the week where the numbers are crunched and the strongest and weakest currencies are determined.
The major indices close near key MA levels and pass the bias buck to next week The US major indices have rebounded in trading today, but the day certainly had it’s share of ups and downs.
Commitment of traders report for the week ending October 9 – EUR short 16K vs -7K short last week. Shorts increased by 9K – GBP short 61K vs 59K short last week. Shorts trimmed by 2K
Thursday tumble sends the digital currency back down toward 2018 lows The price of Bitcoin moved lower this week and in the process moved away from the 100 day MA and toward the lows of 2018.
Bloomberg report An EU official cited by Bloomberg says that talks have made progress but that there’s not deal yet. They say talks will continue over the weekend with an evaluation on Sunday.
Up $0.37 or 0.52% The price of crude oil settled at $71.34. That is up on the day by $0.37 or 0.52%. The high for the day reached $72.01. The low extended to $70.64.
Evans speaks to Bloomberg TV ForexLive
Barclays suggests buying bonds Barclays is out with a note recommending investors buy US 10-year Treasuries. “We recommend going long 10y US Treasuries, as we believe that longterm real rates have risen to attractive levels and the adverse reaction of the broader financial markets to the move higher in real yields suggests any further sell-off…
What is the RSI and how does it work A quick search about Forex indicator will yield millions of results – 11.2 million results in fact. So once you’ve cut your teeth trading and you’re ready to graduate to a more technical way where do you start?
Live with Sarah Sanders ForexLive