End of a massive week where we saw prices of the major currency pairs moving from between 100 to 250pips, in alignment with our analysis for a stronger USD.
This strength in the USD was derived from Chair Powell’s hawkish tone on the US economy and the continual sell off in the equity markets. Today we saw a short term bounce in the USD, most likely due to technical levels, profit taking and reduction of exposure over the weekend.
I’ll still be looking for trades which signal USD strength.
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.