US dollar got a boost from robust data that triggered a wave of correction of “yielding” currencies previously grew better than others. Separately, the Chinese yuan AUD and NZD are holding well due to the optimism of the Asian markets. Today US exchanges are closed, so FX markets movements promise to be calmer than usual.
Important upcoming events (GMT): 09:00 EA !!! German Ifo Business Climate 09:30 UK ! High Street Lending 15:00 US !! New Home Sales
• Central banks prefer to pause. • The strengthening of the dollar prevented gold from…
Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
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