King Dollar’s appearance was known across the markets on Wednesday with the Dollar Index flying to fresh 13 year highs. The trump effect and inflated expectations over the Fed raising US interest rates have inspired dollar bullish investors to install heavy rounds of buying. With Dollar dominance, a key theme across the board, Emerging Market currencies and commodities could be pressured moving forward. Sterling remains pressured by the Brexit woes in the background while attraction towards oil continues to be haunted by the oversupply concerns. • The #GBPUSD bears need to break below 1.2400 • The #USDJPY bulls are eyeing 111.00 • #NZDUSD is pressured above 0.7050 • #Gold could start its technical bounce above $1210
King Dollar’s appearance was known across the markets on Wednesday with the Dollar Index flying to fresh 13 year highs. The trump effect and inflated expectations over the Fed raising US interest rates have inspired dollar bullish investors to install heavy rounds of buying. With Dollar dominance, a key theme across the board, Emerging Market currencies and commodities could be pressured moving forward. Sterling remains pressured by the Brexit woes in the background while attraction towards oil continues to be haunted by the oversupply concerns.
• The #GBPUSD bears need to break below 1.2400
• The #USDJPY bulls are eyeing 111.00
• #NZDUSD is pressured above 0.7050
• #Gold could start its technical bounce above $1210
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