Market Update: USD Rally Continues, Equities Bounce
Today traders the USD has continued its return to favour with further gains to risk majors after yesterday’s rally.
Gold has been a today’s casualty, slipping to new weekly lows as sellers extended losses into the European open. The ASX has a solid day after the Nasdaq and US indexes recovered yesterday. The ASX200 rallied from open and finished the day 2.42% higher.
The main focus in today’s market update video, is what will the counter rallies tell us now that we have seen strong extensions lower on the AUDUSD, EURUSD, GBPUSD and Gold? Will they set up new lower highs signalling further moves lower or will we see new higher lows develop suggesting the current moves are just normal trend reactions?
News to come;
USD – US Flash Manufacturing PMI, Fed Chair Powell Testifies
Today’s Market Analysis Video