In today’s market review for Thursday, March 5th, we prepare for a highly volatile end to the week. With US Initial Jobless Claims releasing today and Nonfarm Payrolls (NFP) tomorrow, the markets are bracing for impact!
We analyze Gold’s corrective bounce after its massive drop, looking for a potential three-wave structure to develop as seller liquidity is drawn in. For the Forex majors, we discuss the recent weakness in the Euro and Pound. We are watching for a "double bottom" pattern to confirm our short entries for a further decline.
Meanwhile, Oil is hitting yearly highs driven by geopolitical tensions in the Middle East, and Bitcoin perfectly hit our targets, surging to $72,000! We also discuss the nervous state of the US Stock Market (S&P 500), warning of a potential "fiasco" and drop.
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00:00 INTRODUCTION
00:15 NEWS
00:55 GOLD
02:39 EUR/USD
03:17 GBP/USD
04:40 AUD/USD
05:06 USD/CAD
06:13 USD/JPY
06:44 OIL
07:44 BTC/USD
08:20 U.S. MARKET
08:50 NASDAQ
09:10 USD/CHF
09:35 CAD/CHF
09:42 AUD/CAD
09:45 NZD/CHF
09:49 AUD/NZD
09:59 EUR/AUD
10:15 EUR/CAD
10:34 SILVER
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