Risk-off sentiment takes its toll on dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    On Friday , equities and commodities (especially oil) stayed under sharp downward pressure. Brent oil lost again almost 2 dollar and closed at 37.93, a new cyclical low. US equities shed about 2% and the S&P fell below previous low, painting a ST bearish double top on the charts. Initially, the impact on the dollar was mixed. USD/JPY suffered from the risk-off sentiment. At the same time the dollar performed reasonably well against the euro. The US data (retail sales and PPI) were OK, but

    Continue reading...

Share This Page

free forex signals