Analysis and Forecast of Major Instruments – March 2 Update
The bid for safe-havens was firm in the early hours of the London session on Tuesday as market mood worsens. The dollar has rallied to its highest price in a month. Meanwhile, the RBA has maintained 10 basis point rate decisions ahead of Wednesday’s GDP data. The market sentiment support risk-off in the early days […]
Dollar Index Technical Forecast – who is leading the dollar race?
After a two-day resurgence, the dollar is retreating on Thursday ahead of the New York session. The market mood this week is back in support of the safe-havens as the stock markets stay on the back foot. Earlier in the week, concerns about a new strain of the virus disrupted the bullish risk tone the […]
Daily Forex Technical Forecast – Will the Dollar plunge lower on risk appetite?
Risk-on flow dominates the market this week. Safe havens like the dollar are severely beaten while equities and commodities maintain an upbeat mood. Let’s take a look at the technical forecast of the dollar and the major FX pairs. Will the dollar drag lower? The dollar resumed the long-term bearish trend on Friday and has […]
Mid-week market forecast: Dollar plunges across the board
It’s the mid-week and the dollar is bleeding against its major peers. The dollar index is down below 90. The downside remains more attractive ahead of the US core-CPI data. The greenback couldn’t sustain last week’s surge that took the DXY to 90.7. It only gained a significant 1.65% – highest since the late October […]