The dollar index fluctuates close to 95.50, recovering to 2-week highs. EURUSD is trading near 1.1550, having returned to a decline at the beginning of the day against the backdrop of the demand for the dollar as a protective asset against problems with the EM currencies.
Bullish: Technical rebound after a sharp decline at the beginning of the day. The upward revision of composite PMI for the euro area. The correction of the dollar index after having touched the 2-week highs.
Bearish: Demand for the dollar as a protective asset on EM-currencies turbulence. The growth of the Manufacturing ISM to the highest levels since May 2004.
Next focus on: US trade balance at 12:30 GMT. The Bank of Canada Interest Rate decision at 13:00 GMT.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
