The traditional and seasonal Santa Claus rally appears to have come rather early this year, with October’s rally for the NQ Emini (QQQ, quote) recording a sensational month of gains following the equally dramatic events towards the end of August which saw the index correct sharply, before strong stopping volume duly appeared to prevent the market falling further.
The AUDUSD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer.
The EURUSD pair initially tried to rally during the course of the day on Friday but turned back around as we face a significant amount of pressure at the 1.11 handle.
U.S. Q3 Advance GDP Price Index q/q down to 1.2% vs 1.5% growth expected and Advance GDP q/q 1.5% to expectations of 1.6%.
The EURUSD pair broke higher during the course of the session, and as a result it appears that the market should continue
The EURUSD pair went back and forth during the course of the day on Monday, bouncing off of the trend line most importantly.
AUDUSD pair did nothing during the session on Monday that warranted any type of trading.
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.
The AUDUSD pair initially fell during the course of the session on Thursday, but found enough support near the 0.72 level to turn things back around.
As the month of October draws to a close, and with the ghouls and ghosts of Halloween preparing to frighten and alarm in equal measure, it is the trick or treaters at the
