Here's what you need to know today: DXY Update
Updated
Volatility indices in the US spiked as Donald Trump confirmed that he and his wife tested positive for COVID-19. A stimulus deal is yet to be reached with the possibility of Congress going into recess until after the election. It is important to know that failure to reach an agreement by tonight will lead to a downward spiral for the equity markets. American Airlines also got a lifeline on the eleventh hour before mass layoffs. This held up WallStreet for the time being. The most important question right now is, how long will it hold?
Currently, price is trapped within two zones of support and resistance. It's important to note that it's being rejected by the resistance as of 5am Newyork time.
As I've said before, I will be looking to capitalize on DXY strength through EURUSD, NZDUSD, USDCAD, USDNOK, and now, I've added AUDUSD to the list.
Currently, price is trapped within two zones of support and resistance. It's important to note that it's being rejected by the resistance as of 5am Newyork time.
As I've said before, I will be looking to capitalize on DXY strength through EURUSD, NZDUSD, USDCAD, USDNOK, and now, I've added AUDUSD to the list.
Note
Correction: AAL failed to get the federal help it needed therefore, layoffs still expectedNote
Correction: AAL failed to get the federal help it needed therefore, layoffs still expectedNote
U.S. payrolls rise 661,000, estimates were for 859,000. The unemployment rate falls to 7.9%Note
Four -week moving Average of tech-focused ETFs see biggest outflows in more than a yearRefinitiv Lipper
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.