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    DXY Technical Analysis – Wedge Break Happening

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    Morning Brief – Trend of The Day

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    Mixed start to Asian equities following mostly downbeat lead from Wall Street

    Asian equities could trade choppy after mixed price action on Wall Street

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    EURUSD Technical Analysis – Tackling the 50-day MA

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Risk appetite support Euro and risk-related currencies while Dollar continues to sink

Ricardo Evangelista by Ricardo Evangelista
December 4, 2020
in Forex, Markets, Opinion
Reading Time: 1 min
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Risk appetite support Euro and risk-related currencies while Dollar continues to sink
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Risk appetite continues to be the dominating sentiment amongst investors during early Friday trading, despite an alarming rise in the number of new coronavirus infections, fatalities and hospitalizations in the US, with the Centres for Disease Control and Prevention director saying that the next three months will be very difficult. However, investors already appear to look to a post-COVID future, where vaccines and fiscal stimulus packages will trigger an unprecedented rebound in economic activity. It is this optimism that is offering support to the Euro and other risk related currencies, while the safe-haven Dollar continues to sink.

Tags: coronavirus vaccineCovid-19Eur/UsdUS stimulus package
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Ricardo Evangelista

Ricardo Evangelista

Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.

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DXY Technical Analysis – Wedge Break Happening

DXY Technical Analysis – Wedge Break Happening

by Nathan Batchelor
August 12, 2022
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The US dollar index has started to move under a large wedge pattern threatening a technical meltdown after...

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