Technical Analysis

Weak US macroeconomic data weakened the dollar and reduced expectations for further Fed rate hikes The S&P 500 and Nasdaq finished the session with modest losses, reacting to the latest batch of weak US macroeconomic data. The slowdown in economic indicators was immediately reflected in the FX market, causing the US dollar to weaken against […]

The major U.S. stock indices closed lower, with selling accelerating into the afternoon as rising oil prices and higher Treasury yields weighed on investor sentiment. The declines came after the S&P 500 reached a record high last week, leaving the market vulnerable to some profit-taking. The closing levels show: Dow industrial average: -272.03 points or

USDX: The FOMC minutes and Friday’s PCE data will decide whether the dollar can hold support and start a recovery toward 99.10, or whether a break of 96.90 will open the way to a new phase of weakness. The US dollar shows restrained gains in the first half of today’s session. The dollar index (USDX),

The EUR/USD pair rebounded from bullish imbalance 12 and reversed in favor of the European currency, just as I had warned. Thus, traders received another bullish signal that allowed them to enter long positions. On Wednesday, the situation became somewhat risky for the bulls for several hours as they reacted to the 130,000 jobs created

The dollar remains under pressure ahead of key US macroeconomic data. At the same time, the US dollar retains its attractiveness versus cryptocurrencies, partly because the Federal Reserve is expected to keep the status quo on monetary policy. The prior FOMC meeting left the policy rate in the 3.50–3.75% range, citing resilient economic growth and

NASDAQ 100 futures (NQ) are currently rotating near the 25,330–25,350 area, a zone that has acted as the market’s balance point so far today. While price has moved both higher and lower intraday, neither buyers nor sellers have been able to force lasting acceptance outside this range. This makes 25,365 on the upside and 25,310