Free Sign Up Already have an account? I think this is important price behavior and is a little taste for what is to come if stocks sold off again in a risk-off atmosphere. US economy is revving up, brian twomey forex converter increased demand for local currency. However, this is unlikely the case because the financial market’s recent dominant driver has clearly been risk.
In any case, it will be Wednesday’s US inflation and retail numbers that really ignite the market if they are above or below expectations in any meaningful way. USD retracement of a rally going back to December 2016 as further rate rises are incorporated into the economic discussion. USD chart indicates that the pair is likely to drop to the red support line at some point, whether it drops below this in any meaningful way is the real question. The RSI indicator line is now back in the channel and the MACD signal line crossover that occurred recently seems to indicate further downwards momentum is on the cards. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.
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