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Traders who seek volatility as a speculative opportunity may find the early part of November extremely attractive, those who want tranquil price values may want to look the other way.
The West Texas Intermediate Crude Oil market has been noisy and negative during the month of October, but as I write this monthly analysis, it’s worth noting that we are sitting just above a significant support level.
Without a doubt, the gold market has been one of the big winners over the last couple of months, and of course November could very well see more of the same.
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During the month of October, we have seen a lot of choppy noise in the NASDAQ 100, as we continue to see more of a grind to the upside.
During the month of October, we have seen the euro fall hard against the US dollar.
The S&P 500 has been fairly noisy during the month of October, as we continue to see a lot of buyers.
The USD/INR has exhibited a rather unique trading pattern the past few weeks as resistance has stayed remarkably durable, but the reasons for this are because of the Reserve Bank of India.
The EUR/USD is trading near the 1.11680 mark as of this writing on the last day of September. The month of October is likely to be busy for EUR/USD day traders because volatility will remain part of the landscape.
The USD/INR has returned to the higher known price realms it has frequently occupied since late July of this year and speculators pursuing the currency pair likely are trading in the dark.
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The USD/ZAR has produced another month of stronger bearish price action as a more dovish U.S Federal Reserve and optimism regarding the South African government has combined.
During the month of September, we have seen a lot of ugliness when it comes to crude oil behavior, as the markets have fallen rather significantly.
The US dollar has spent quite a bit of time during the month of September going back and forth, as we have bounced around between the 19 MXN level and the 20 MXN level.
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During the month of September, we have seen the NASDAQ 100 bounce around quite significantly.
During the month of September, we have seen a lot of volatility in the S&P 500, as markets continue to look to the Federal Reserve for some type of directionality.
Gold markets have been absolutely explosive during the month of September, and I do believe that the upward momentum continues.