We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets.
All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down against the Japanese yen represents obvious risk off scenario and equity markets across the world overnight since the closing of the New York equity session yesterday.
It does look as if Japan is preparing another stimulus package which we may expect to we can the end but it hasn't yet because the dollar has more relative strength versus the Japanese yen . The German ten-year boon to yield has increased because of the threat of the SPD leaving the SPSOU government coalition.
Other things being equal you would expect this to boost the euro however this is a counterintuitive market.
Completely flat maybe marginally trending upwards in the last few days however the significance in the lower term time frames are of interest because of the identified support in the chart above. -1454 to 1469 is the current range but all in all you can say that this is flat.
I will remain bullish for the remainder of the year.
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All information and material is for educational and entertainment purposes only and is not intended to provide financial advice.
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
02:17:38 (UTC)
Fri Jan 3, 2020
All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down against the Japanese yen represents obvious risk off scenario and equity markets across the world overnight since the closing of the New York equity session yesterday.
It does look as if Japan is preparing another stimulus package which we may expect to we can the end but it hasn't yet because the dollar has more relative strength versus the Japanese yen . The German ten-year boon to yield has increased because of the threat of the SPD leaving the SPSOU government coalition.
Other things being equal you would expect this to boost the euro however this is a counterintuitive market.
Completely flat maybe marginally trending upwards in the last few days however the significance in the lower term time frames are of interest because of the identified support in the chart above. -1454 to 1469 is the current range but all in all you can say that this is flat.
I will remain bullish for the remainder of the year.
_________________________________________________________________________________________________________________________________________________________________________
All information and material is for educational and entertainment purposes only and is not intended to provide financial advice.
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
02:17:38 (UTC)
Fri Jan 3, 2020
