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What happened across the Asia session? Most major currencies continued to lose ground against the DXY during the Asia session, with Gold trading significantly lower as the DXY strengthened. What does it mean for Europe and US Sessions? Look for a possible brief retracement on the DXY with increased volatility across the major currencies pairs. … Continue reading IC Markets Europe Fundamental Forecast | 31 January 2023
If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 4119.97, where the 78.6% Fibonacci line is. In an alternative scenario, price could possibly head back down to break the 1st support at 3888.39, where the 50% Fibonacci line is, before heading towards the 2nd support at 3764.49, where the recent swing low is.
What happened in the US session? The DXY strengthened against the major currencies during the US session, while the S&P closed lower by -1.30%, ending the session at the 4,017 price level. What does it mean for the Asia Session? Look for prices to continue trading lower with the DXY strength anticipated to continue for … Continue reading IC Markets Asia Fundamental Forecast | 31 January 2023
What happened across the Asia session? The major currencies traded slightly lower against the DXY during the Asia session. What does it mean for Europe and US Sessions? Look for further DXY strength and increased volatility across the major currencies pairs. The Dollar Index (DXY) Key news events today No major news events. What can … Continue reading IC Markets Europe Fundamental Forecast | 30 January 2023
Global Markets: News & Data: Markets Update: Asian stock markets are trading mixed on Monday, following the broadly positive cues from global markets on Friday, and as traders remain cautious ahead of a busy week, when the US Fed, Bank of England and European Central Bank are due to lift interest rates in an effort … Continue reading Monday 30th January 2023 : Asian markets tread cautiously
