EURUSD faces risk of further move lower as we look for more decline in the new week. Resistance comes in at the 1.1650
The downtrend may be expected to continue, while market is trading below resistance level 1.1750, which will be followed by reaching support level 1.1450
Grains have higher goals; Coffee slide slowed
PLATINUM is very UNDERVALUED!
The dollar index (DXY00) on Friday rose +0.217 (+0.23%). Dec euro-fx futures (E6Z0) closed down -0.0044 (-0.38%), and EUR/USD (^EURUSD) fell -0.00043 (-0.37%). Dec yen futures (J6Z0) closed down -0.0017...
Safe haven flows extended U.S. dollar gains, while riskier currencies sold off.
USDCAD started recovering nicely from the lows, and above the upper Elliott wave channel line, which confirms a completed wave 3) of a bearish trend, and a corrective wave 4) to be underway.
The dollar index (DXY00) today is up +0.165 (+0.17%). Dec euro-fx futures (E6Z0) are down -0.0023 (-0.20%), and EUR/USD (^EURUSD) is down -0.00258 (-0.22%). Dec yen futures (J6Z0) are down -0.00055 (-0.05%),...
The dollar index (DXY00) on Thursday fell -0.045 (-0.05%). Dec euro-fx futures (E6Z0) closed up -0.0008 (+0.07%), and EUR/USD (^EURUSD) rose +0.0007 (+0.06%). Dec yen futures (J6Z0) closed down -0.0001...
The main event today will be Federal Reserve Chairman Jerome Powells testimony before the Senate Banking Committee on the CARES Act at 9:00 central time.