The NZD/USD pair rallied rather significantly during the month of October, and now finds itself above the 0.72 handle.
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The USD/CAD pair has been grinding higher lately, and I believe that will continue to be the case.
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Get the NZD/USD Forex signal for November 3, 2016 here.
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Get the AUD/USD Forex signal for November 3, 2016 here.
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Get the USD/JPY Forex signal for November 3, 2016 here.
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Get the USD/CAD Forex signal for November 3, 2016 here.
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Get the USD/CHF Forex signal for November 3, 2016 here.
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Get the GBP/USD Forex signal for November 3, 2016 here.
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Get the EUR/USD Forex signal for November 3, 2016 here.
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The EUR/USD pair initially surged higher during the day on Wednesday, but gave back some of the gains as we reach towards the 1.1150 resistance barrier. The British pound initially rallied during the course of the session on Wednesday, but gave back some of the gains as we continue to look a little bit limp overall.
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The WTI Crude Oil market fell during the day on Wednesday, as we have now clearly broken below the uptrend line that had been supporting this market. The natural gas markets initially tried to rally on Wednesday, but found enough bearish pressure to continue going lower.
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The US dollar fell significantly during the day on Wednesday, crashing into the 103 region. The New Zealand dollar broke higher on Wednesday, clearly breaking above the 0.72 resistance level.
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The S&P 500 went back and forth during the course of the day on Wednesday, as we continue to see quite a bit of bearish pressure in this market. The NASDAQ 100 fell during the day on Wednesday, breaking below the 4750 handle.
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Gold prices ended Wednesday's session up 0.7%, or $8.89, to settle at $1296.73 an ounce as the dollar extended its selloff after new polls showed a tightening U.S presidential race.
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Get the NZD/USD Forex signal for November 2, 2016 here.
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