The US dollar is weakening against the main competitors today.
The European currency against USD dollar remains in the side consolidation stage in the long term despite its wide channel.
Today I’m going to continue the topic of harmonic patterns. Let’s study AB=CD pattern. Unlike other patterns of harmonic analysis, AB=CD has four-point structure
Last week The Walt Disney stocks grew to the level of 111.27 USD per stocks, renewing the maximum since May 2017, supported by the key corporative news. The Walt Disney negotiated to purchase entertaining business Fox for 66 billion USD, including debt.
As a result of November trading the share of Starbucks in the US ground coffee market increased to 16.2% having reached its maximum since 2017. The growth of ground coffee sales amounted to 4.1% compared to the value of the previous year.
Las Thursday NZD grew after positive Business NZ PMI release. However, a few hours later the instrument began to fall after the Republicans announced the implementation of final amendments in the tax reformation low. The confidence in the reformation implementation supports USD fully.