U.S. stocks gave up the large gains posted in the morning and ended the day sharply lower amid strong risk aversion after the CDC confirmed the first Omicron variant case in the country.
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U.S. stocks gave up the large gains posted in the morning and ended the day sharply lower amid strong risk aversion after the CDC confirmed the first Omicron variant case in the country.
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Recent developments in the Relative Strength Index (RSI) indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory.
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The Omicron variant has now been identified in the United States, and this created a quick reaction across U.S. markets.
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The price of gold may face a further decline over the coming days if it fails to defend the November low ($1759).
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Markets can be messy, chaotic and difficult to forecast. But a trader's reactions are often the keys, and learning where or how to look for those reactions can be helpful.
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