Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7274
    +0.0010 (+0.14%)
     

  • CRUDE OIL

    83.25
    +0.52 (+0.63%)
     

  • Bitcoin CAD

    88,166.90
    +805.38 (+0.92%)
     

  • CMC Crypto 200

    1,381.17
    +68.55 (+5.23%)
     

  • GOLD FUTURES

    2,402.90
    +4.90 (+0.20%)
     

  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     
MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – November 17, 2017

Colin First
Updated

EUR/USD

The choppiness in the market over the last several session and absence of any major trigger helped the market to fall lower a bit during yesterday’s session. The market is expected to continue trade weak towards the 1.17 level and the shooting star in the daily chart also indicates the similar trend. Alternatively, this pullback may be a momentum-building exercise after it broke through the neckline of the head and shoulder pattern. If it breaks below the 1.17 level the market will go much lower towards the 1.16 level. …Read More

GBP/USD

The pair has been very choppy during the yesterday’s session, dropping down to the 1.3130 level then bouncing towards the 1.32 level. The bottom of the market and overall consolidation continues to be in between 1.30 and 1.3050 level. The market is expected to trade in a similar pattern in times to come as there are a lot of issues concerning the exit from the European Union and economic performance. In the higher side 1.3250 level is going to be massively resistive. Using the technical indicators like Stochastic Oscillator to find out an overbought and oversold situation will be the right strategy to play this market. …Read More

AUD/USD

The market was very choppy during the yesterday’s session as it hovered around the 0.76 level. This market is going to be very weak as an absence of any positive trigger in the market. Any rally in the market will find enough selling pressure to take it down further towards the 0.75 level which is also a psychologically important level. If it breaks below from here, it will fell towards 0.7350 level very quickly. …Read More

USD/JPY

The market was very volatile during the yesterday’s session initially breaking above the 113 level but then turned around fell down significantly. A break above the 113.33 level will help the market to break the downward trend and reach 114 level. There is a lot of noise in the market which is pulling it down and going ahead it will get difficult to trade this market. If it gets below the 112 level then the market will probably drop down to the 108 level. …Read More

ADVERTISEMENT

This article was originally posted on FX Empire

More From FXEMPIRE: