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11.11. Dollar at annual high, inflation worries intensify

News for today, November 11:

US consumer prices rose at the fastest pace since 1990, which could lead to a faster tightening of the Federal Reserve's policy. Fears over inflation weighed on Asian stocks and sustained the dollar at a nearly 16-month high. However, the region's largest markets in mainland …

Currency pair analysis: AUD/USD

The overall trend is upward. The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

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

Trading idea:

Buy when an ascending wave pattern is formed, where the wave …

Gold analysis for 10.11

Gold price managed to breach the 1825.15 level and close the daily candle above it. This supports the bullish trend scenario for the intraday and the short term, and the way is open towards 1860.00, our next target.

The EMA50 supports the price from below; breaking the level 1825.15 and …

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