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.
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling…
Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers…
- Amazon reversed from resistance level 190.00 - Likely to fall to support level 180.00…
- USDCHF reversed from round support level 0.9000 - Likely to rise to resistance level…
Market picture The release of US inflation data sparked a surge in risk asset purchases,…
• Gold broke daily down channel • Likely to reach resistance level 2415.00 Gold recently…
This website uses cookies
