Weekly Market Outlook: 3rd – 7th June 2019

Weekly market outlook | EconAlerts

As the US dollar heads for fresh two-year highs, next week’s nonfarm payrolls report could be key in deciding whether the dollar’s persistent strength will hold out for much longer.

The trade ‘truce’, the Fed’s possible pause and May’s Brexit woes

Markets unconvinced by Trump-Xi trade rapprochement A major theme for global markets and the global economy is the uncertainty caused by the frictions between the United States and China. It was therefore an initially positive piece of news that the two countries would restart a new round of negotiations that would last for 90 days, […]

Technical Analysis – Dollar index is bullish in the medium-term

USDX DEC18 | EconAlerts

Dollar index consolidates gains within ascending channel. The dollar index has been moving sideways after unlocking 1 ½-year high at 97.50 within the ascending channel. In the short term, consolidation will likely continue as the red Tenka-sen line looks to be steadying again above the blue Kijun-Sen line which is also flat, while the MACD has […]