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28.10. Decrease in global stocks, drop in oil amid new cases of COVID-19

News for today, October 28th:

Global stocks dropped from record highs as corporate earnings reports became a compelling reminder of current supply chain problems. Investors also awaited upcoming central bank meetings to assess if policy tightening could come sooner. The S&P 500 decreased 0.51% overnight on Wall Street from a …

Currency pair analysis for today, October 28th: USD/SGD

The overall trend is downward. The ascending wave pattern is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

USD/SGD rate online:  the price movement in real time.

 

Trading idea:

Sell when a descending wave pattern is formed, where the wave …

Gold analysis for 28.10

Gold price trades positively: it breached the 1797.00 level and attempts to hold above it to activate the bullish trend scenario on the intraday term, which is regular within the bullish channel that appears on the chart. The price’s goal is to visit the 1825.15 level.

The moving average 50 …

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