|Day's Range||1.177 - 1.179|
|52 Week Range||1.0348 - 1.2093|
Investing.com – The dollar was mostly unchanged against a basket of major currencies on Monday after data showed US employers posted fewer job openings than expected in October, pointing to signs of possible weakness in the labor market.
The dollar fell against a basket of the other major currencies on Monday but was held up slightly by expectations of higher interest rates. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.07% to 93.77 by 11:52 AM ET (16:52 GMT). The Federal Reserve is expected to raise interest rates at its two-day policy meeting this week but disappointing wage data could weigh on the pace of interest rate hikes next year.
Investing.com - The dollar edged lower against a basket of the other major currencies on Monday but remained supported by expectations of higher interest rates, while bitcoin prices jumped as futures trading in the digital currency got underway.
Traded volume is in line with the monthly average, and the neutral trader’s sentiment stands at 11% short. Trading has been slow, and the neutral trader’s sentiment stands at 5% long. This pair sees a quarter less funding than usual, and the sentiment is neutral at 8% short.
Watch the price action and read the order flow at 1.1793 all session. Trader reaction to this angle will tell us if the buyers are retaking control.
Investing.com - The dollar was steady against a basket of the other major currencies on Monday but remained supported by expectations of higher interest rates, while bitcoin prices surged as futures trading in the digital currency got underway.
The market was slightly negative during the Friday’s session as it reached the 1.733 level. The market is expected to bottom out near the 1.17 level as it has been the bottom of long-term consolidation. The buyers are likely to take the grip of this market as overall sentiments of the market is bullish. The break above 1.18 level will send this market much higher towards the 1.21 level. Any pullbacks in the market is an excellent buying opportunity in this market. …Read MoreGBP/USD
The Pound continues to get plenty of attention from traders as political concerns fester. The BoE, ECB, and Fed will all announce monetary policy decisions the middle of this week. Gold remains under pressure and will see increased speculation this week.
With no impactful economic data releases on the calendar today, the markets are focusing on a plethora of Central Bank meetings scheduled this week.
Brett Steenbarger, Ph.D., psychologist and trading coach, and Mike Bellafiore, co-founder of proprietary trading firm SMB Capital and SMB|U, join Yahoo Finance's Jared Blikre to discuss what it takes to build a successful trading team.