Dow Jones Industrial Average Mired in a Shallow Correction
Dow Jones Industrial Average continues consolidating its recent all-time highs. This consolidation appears to be a technical correction that is anticipated to be shallow.
Dow Jones Industrial Average continues consolidating its recent all-time highs. This consolidation appears to be a technical correction that is anticipated to be shallow.
The GBP/USD is trading in a 97 pip price channel ahead of today's U.S. Consumer Confidence release.
The GBP/USD is trading in a 97 pip price channel ahead of today's U.S. Consumer Confidence release.
The AUD/USD is trading in a 65 pip range after printing a new weekly low at .7452.
The AUD/USD is trading in a 65 pip range after printing a new weekly low at .7452.
The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.
The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.
Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.
Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.
The USD/CAD is trading at resistance after advancing for its 4th consecutive session.