Global stocks have been offered-lower since last week’s FOMC and ECB rate decisions, and the Dow Jones is now approaching a key zone of support. Will buyers be able to hold the lows to provoke another move of bullish continuation?
Category: forex news
Risk aversion has continued to show and global stocks have put in a bearish move of continuation after last week’s FOMC/ECB fueled reversals. This has helped to push the US Dollar to fresh 11-month highs, and the door may be open for more.
High yielding currencies and risk-correlated assets continue to bear the brunt of the US Dollar’s rally.