Dollar Loved the Combination of Higher Yields and Some Risk Aversion

Nonfarm payrolls report and European flash CPI to shape rate cut bets ISM PMIs to also be important for Fed expectations and US dollar Canadian employment and Chinese PMIs also on the agenda Fed hawks rear their ugly heads The March round of policy meetings reinforced June as the likely date when most central banks […]

This week, financial markets are focused on the FOMC interest rate decision, as well as key economic indicators such as CPI and PPI. The Fed’s decision comes on the heels of rate cuts by the ECB and BOC, with expectations of a hold on rates in June. Investors are also looking for signals from the […]

Bearish scenario: Sell below 2200 / 2194 with TP1: 2190, TP2: 2180, and TP3: 2172 with S.L. above 2204 or at least 1% of account capital*. Nearest bullish scenario: Buy above 2197 with TP: 2200 and TP2: 2203, with S.L. below 2195 or at least 1% of account capital*. Apply trailing stop. Bullish scenario after […]