The USD is registering a slight increase until now today, but markets seem to be stagnant while investors expect data and developments. The dollar profits are marginal in general terms, but more significant profits have been recorded against high beta/raw materials – AUD, NZD, SEK, Nok – After the mixed results of the Variable Income Market in Asia and flat trends to slightly weake Scotiabank.
The underlying trends are still bassist
“Investors are still concerned that the reciprocal action of US tariff of plane) may not be reflected in the PCE data and the weakness in the prices of the plane tickets can be an additional sign of a weaker consumer demand. ”
“While the DXY has gained some land, the profits are limited and the market can be developing only a slight technical correction within what seems to be a bearish tendency even in development. The signs of tendency impulse are aligned in a bearish way for the index in the studies in the short, medium and long term, which typically is a sign that the rebounds or recoveries against the trend will be limited in terms of scale.
“Therefore, typically, these types of rebounds would be an opportunity to recharge or increase the short position. The resistance of the DXY is 103.70, near the current levels, and 104.00/05. The recent data of the CFTC have reflected a reduction in the long net position in USD, but investors remain generally long in USD. However, other data suggests that the active operators do not They have reduced their exposure to USD as much as that. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
