Equities and the dollar are holding strong

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    On Monday, it looked that the dollar could fall prey to further profit talking as Asian markets started in risk-off modus. However, Europe didn’t join this trend, which prevented further USD losses. The manufacturing ISM was close to expectations at 50.1. Not a great figure at all, but a crimp was avoided. This was enough to keep the risk-on rally alive and it shielded the downside in the dollar. EUR/USD closed the session at 1.1016, little changed from 1.1006 on Friday. USD/JPY ended the day

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