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Get the EUR/USD Forex signal for October 24, 2018 here. | | | |
Gold prices ended Tuesday's session up $8.15 an ounce, supported by safe-haven demand. Global stock markets were mostly weaker as worries about corporate earnings, softening Chinese growth and Middle East tensions rattled investors. | | | |
In an unprecedented move, the European Commission rejected Italy's 2019 budget and told Italian policymakers that it must revise the proposed budget. | | | |
The WTI Crude Oil market broke down significantly during the trading session on Tuesday as the Saudis have agreed to maximize output, putting some downward pressure on the market itself. | | | |
Bitcoin continues to do very little during the day as markets are essentially flat. We are following a very flat 50 EMA on the daily chart, as the market simply has nowhere to be. | | | |
The Euro went back and forth during the trading session on Tuesday, dancing above the 1.1450 level yet again. However, we didn't exactly break out either so I'm not necessarily excited about the Euro. | | | |
The US dollar tanked against the Japanese yen initially during trading on Tuesday but you can see that we have seen a lot of buying late in the day to turn around of form a massive hammer. | | | |
The S&P 500 broke down rather significantly during the trading session on Tuesday, slicing through the 61.8% Fibonacci retracement level but late in the day started to see a lot of buyers jump back into the market. | | | |
It must never be forgotten that China is a "planned" communist economy, ruled over by the People's Party of China | | | |
The Euro slipped against the US Dollar, falling close to a 2-month trough ahead of a European Commission meeting which will discuss the Italian budget problem | | | |
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