Talking Points: US Dollar Corrects Lower Following Breach of October TopS&P 500 Still Treading Water Near September Swing HighCrude Oil, Gold Prices Decline to Levels Unseen Since 2010 US DOLLAR TECHNICAL ANALYSIS – Prices corrected downward after piercing October’s high to hit the strongest level in over four years. Near-term resistance is at 11216, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 11308. Alternatively, ...
Talking Points: US Dollar Advances Most in 16 Months, Hits Four-Year HighS&P 500 Attempting to Break Out of Two-Week Down TrendGold Aims to Extend Decline After Sliding to a 10-Month Low US DOLLAR TECHNICAL ANALYSIS – Prices issued the largest daily gain in 16 months, rising to the strongest level since June 2010. Near-term resistance is at 11176, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% threshold at 11232. Alternatively, ...
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