| The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it's gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points. |
You Might Also Like
The USD moves higher in early US trading as markets reacted data and OPEC. What next?
2023-11-30
Some technical breaks in the 3 major currency pairs are tilting the short-term bias in favor of the US dollar
WTI Crude Oil Technical Analysis
2023-11-29
Here’s a quick technical analysis on WTI Crude Oil with some fundamental background.
For more visit ForexLive.com
Platinum’s possible breakout | Market Outlook with Exness
2023-11-28
In this week’s Market Outlook with Exness, we see that platinum is poised for a potential breakout from its downward trend in the coming days, following a solid short-term rebound that countered its previous decline.
Current market dynamics for metals, platinum included, are heavily influenced by the Fed’s less aggressive stance in light of the USA’s easing inflation. However, this positive sentiment is somewhat tempered by reduced demand from China, attributable to its tepid economic climate.
Traders are keenly awaiting the release of the FOMC’s minutes on Tuesday night GMT, a pivotal moment that could significantly impact market movements.
Gold Technical Analysis
2023-11-23
Here’s a quick technical analysis on Gold with some fundamental background.
For more visit ForexLive.com
Tags: Featured,newsletter
1 ping