Alpari - Analytics


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Daily analytical report (22/11/16)

  • Global correction of the USD is on, but they are losing momentum.
  • SP500 follows oil and advances higher.
  • Oil follows rumours about an agreement to cut output, but what will Iran do?
  • CAD and NOK are happy with the price of the oil and are gaining.
  • AUDUSD has two nice resistances ahead. Which one will be used (if any)?
  • Gold with a potential double bottom with a divergence at 1207 USD/oz – a crucial long-term support.

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