Earlier today, the FxPro analysts warned that market expectations were too dark, and the published data could trigger a wave of the USD purchases.
The US stock indices came under pressure due to a reduction in hopes for the Fed stimulus. Stock markets have responded to data in “the worse, the better” trading style. Therefore, strong performance can trigger a long wave of stock indices correction, including SPX and DJI which recently touched the important round levels at their historic highs.
The FxPro Analyst Team
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
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