Forex Analytix Day Ahead in Trading November 7th, 2024
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Description
Blake Morrow discusses the unwind of the Trump Trade in the FX market with the EURUSD back at 1.0800 and USDMXN back below 20.00. USDJPY also has been pushed back to 153.00 and we have the FOMC upcoming today. Gold has also had a strong recovery as well.
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Blake Morrow discusses the USD breakdown as the EURUSD rallies towards the 1.0600 level and GBPUSD towards 1.2700 as it clears the 1.2620 resistance. USDJPY has broken below 152.00 which has been a major pivot, and the SPX, DOW, NASDAQ and Russell2000 are all near all time highs as we head into a...
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Blake Morrow talks about the massive moves we are seeing in the markets overnight as President Elect Trump announced his tariff intention on Canada and Mexico, putting a lot of volatility in the FX markets overnight. Also, the AUD CPI and RBNZ is upcoming which could have some key moves develop...
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