The escalating expectations that the Fed may raise US interest rates in the December meeting has resulted in the Dollar surging to 7 month highs. Mario Draghi does it again with his dovish rhetoric on the Euro zone economy which depreciated the Euro across the board. Oil experienced a spike when Saudi Arabia made a comment to cooperate on achieving market stability.
– The EURUSD still remains technically bullish on the daily timeframe
– The Dollar Index is technically bullish on the daily timeframe
– Gold is still heavily bearish on the daily timeframe.
The escalating expectations that the Fed may raise US interest rates in the December meeting has resulted in the Dollar surging to 7 month highs. Mario Draghi does it again with his dovish rhetoric on the Euro zone economy which depreciated the Euro across the board. Oil experienced a spike when Saudi Arabia made a comment to cooperate on achieving market stability.
– The EURUSD still remains technically bullish on the daily timeframe
– The Dollar Index is technically bullish on the daily timeframe
– Gold is still heavily bearish on the daily timeframe.
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