Daily reviews

Friday, November 6th, today’s news—daily new cases of COVID-19 in the US surpass the record-breaking 100,000. Global markets fall amid the uncertainty over the US presidential election results and the escalating pandemic, Treasury yields drop, the dollar is stronger. The price of Brent oil is $40.38, WTI—$38.18, EUR/USD is at …

USDJPY

The pair is trading above 103.45. Weak employment data in the US may increase the pressure on the pair, while Joe Biden’s victory in the presidential election expected by investors already weighs on it.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA …

Gold futures fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its highest since September 21, overlooking the retracement of the US dollar index for the third session from its highest since the 28th of the same …

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its highest since September 21, while it is still in the process of its best weekly performance since the beginning of this year against the …

AUDJPY

The currency pair is trading in the range of the upper limit of the descending price channel built on the H4 timeframe. Stochastic Oscillator indicates an overbought condition, and an ascending H4 level pattern is truncated.

AUDJPY rate online: monitor the price movement in real time.

Trading recommendations:

Sell …

#JNJ

The stock is trading in the range of the lower limit of the flat range. Stochastic Oscillator signals an oversold condition. A breakout of the resistance level of 142.50 will result in the formation of a 1-2-3 ascending pattern.

#JNJ rate online: monitor the price movement in real time. …

The stock of Amazon (AMAZON) jumped higher in its last session, so that the stock succeeded with this rise in regaining its trades along a major rising trend line in the medium term, as shown in the attached chart, amid the positive signs in the relative strength indicators, after reaching …

Thursday, November 5th, today’s news—votes are still being counted a day after the polls closed. The dollar is weaker, Asian markets hit a three-year maximum, European markets rise despite the weak German data, new stimulus from the Bank of England, Dow is up 300 points. The price of Brent oil …

The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second session from its highest since October 21 against the Japanese yen amid a scarcity of economic data by the Japanese economy and on the cusp of economic …

The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its highest since October 12 against the US dollar, following the developments and economic data that they followed on the Australian economy and on the …