#FX markets continue to trend strongly in the favour of US dollar after Friday's stronger US jobs report reinforced expectations of more aggressive Fed rate hikes, with the likes of euro and yuan (and thus AUD) going in the opposite direction on the back of weakness in data
After hitting its highest point in 7 months at 0.8617, Euro/Pound dropped by 108 pips and is now trading at 0.8508. Trend indicators show us that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price
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The Nasdaq 100 has given up all of its gains and pushing to new lows on the day which is also the lowest levels since Nov 9, 2020 and slipping the midpoint of the post-pandemic advance. $NDX
US CPI print was a modest easing relative to last month's multi-decade high. An easing on the most aggressive Fed hike forecasts has nudged the $SPX higher and Dollar lower, but are we turning trends? DailyFX's @JohnKicklighter discusses 👇