Daily Technical Forecast (FX Majors) – November 22 Update
The dollar maintains the dominance across the FX board having gotten psychological support from the hawkish FOMC. It’s expected to be another big week for the dollar as market participants look forward to Wednesday’s economic figures. There is barely much to say about the dollar. The strength can be seen clearly and rightfully so, as […]
End of week analysis: Risk-off eases as the dollar plummets sharply
The week-long risk-off sentiment is easing on Friday as high-beta instruments cut down some of the week’s losses. The dollar is back on the backfoot as the index broke below 92.5. Equities rally today. S&P 500 is up 21 points after coming very close to retesting 4486. While there are indications that the stock index […]