In the morning forex technical report for November 21, 2022, Greg Michalowski of Forexlive.com outlines the key levels in play for a number of the major currency pairs vs the USD. The USD is starting the week with a bid.
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The morning forex technical report for November 21, 2022
- A technical review of the major currency pairs as Monday trading in the US gets underway
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- USD
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Fed preview: Warsh walks into a minefield -- a look at early stumbles of other Chairmen
- The US treasury sells $13 billion of 20 year bonds at a high yield of 4.927%
- The USD is moving lower (except against the JPY)
- Nasdaq corrects lower in trading today, but backs into support target area.
- Oil falls further on a report that Iran could be allowed to immediately sell oil
- Crude oil down sharply and tests a swing area target.
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