The S&P 500 and the Nasdaq Composite closed at all-time highs Friday as official data showed the economy added more jobs than projected in November. The technology-heavy Nasdaq rose 0.8% to 19,859.8, while the S&P 500 gained 0.3% to 6,090.3. The Dow Jones Industrial Average fell 0.3% to 44,642.5. Consumer discretionary led the gainers among sectors, while energy...
Gold price sticks to its positive bias through the first half of the European session, though it remains below the $2,650-2,655 supply zone and remains confined in a familiar range held over the past two weeks or so. The USNFP report released on Friday reaffirmed bets that the Fed will lower borrowing costs in December.
Dollar index time to correction and target is 1. 103.85 and 2. 103.15
Up Trend Channel Break: An uptrend channel typically consists of a series of higher highs and higher lows, forming a channel on a price chart. If the EURUSD has broken below the lower trendline of the channel, it suggests a potential change in trend direction. Major Support at 1.0876: Support levels are areas where the price has historically had difficulty...