Even though ECB hiked interest rate by 75 basis points last week, EURUSD did not stage an impressive rally. This small upwards move also happened to be when there are signs of profit taking from those who have US Dollar long positions. Therefore, this is not a good pair to
DXY rose in the early part of last week but then broke through the trendline of 4-hour to the downside. This could mean that in the near term the Dollar Index could have reached its top and heading for consolidation.
Therefore, we can look for upwards correction from here
last week, Gold fell starting from Monday to all through Thursday. Many traders expected Gold to fall further with a higher than expected NFP data from USA. However, it was from then that the bright metal bounced and rallied and reclaimed $1700 levels ahead of the weekend. Is this the