New bullish sentiment is in the USD air after Powell's confirmed faster than expected interest rate increases. That is why the 3 major components of the USDX are moving together to the downside. In the graphic, you can see how the EURO is developing a 3 waves corrective sequence retracing the movement that started in March last year. The GBP and also the Yen are following this direction as a consequence of the increasing strength of the US Dollar. Last Friday the US economy released a mixed data but the NFP was much stronger than expected keeping the hope of recovery after the Corona crisis.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.