Tuesday 8th Aug 2023: Asia-Pacific Markets React to Unexpected Dip in China’s Trade Performance
Global Markets: News & Data: Markets Update: On Tuesday, the Asia-Pacific […]
Tuesday 8th Aug 2023: Technical Outlook and Review
The DXY (Dollar Index) chart is currently displaying a bearish overall momentum, suggesting a downward trend in the market. In light of this bearish sentiment, the price could potentially experience a bearish reaction upon reaching the first resistance level and subsequently drop towards the first support level.
Monday 7th Aug 2023: Technical Outlook and Review
The DXY (US Dollar Index) is currently demonstrating a bearish momentum on the chart, which is driven by its position below a major descending trend line, indicating a potential continuation of the bearish movement.
UK Summer Bank Holiday Schedule – 2023
Dear Trader, Please find our updated trading schedule for the UK […]
Assumption Day Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the Assumption Day Holiday Schedule on Tuesday August 15th, 2023. All times mentioned below are Platform time (GMT +3)
South Africa – National Women’s Day Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the South Africa - National Women's Day on Wednesday August 09th, 2023. All times mentioned below are Platform time (GMT +3).
Canada Civic Holiday Trading Schedule 2023
Dear Trader, Please find our updated trading schedule for the Canada Civic Day Holiday on Monday August 07th, 2023. All times mentioned below are Platform time
Friday 4th Aug 2023: Technical Outlook and Review
The DXY instrument is currently in a bearish trend, with a potential for a bearish continuation towards the 1st support level at 102.00. This support level serves as a pullback support and aligns with the 23.60% Fibonacci Retracement level.
Thursday 3rd Aug 2023: Technical Outlook and Review
The US dollar index (DXY) chart indicates a bullish momentum, suggesting a potential bullish continuation towards the 1st resistance level at 102.77 which is an overlap resistance and also coincides with the 78.60% Fibonacci retracement and the 100% Fibonacci projection levels, indicating Fibonacci confluence.
