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Global Markets: News & Data: Markets Update: Asian stock markets are trading mostly lower on Tuesday, following the lack of cues from global markets overnight due to holiday in most markets, as traders turned to booking profits following the recent rally is some markets. Traders also remain cautious ahead of the vote on the US … Continue reading Tuesday 30th May 2023: Asian markets seesaw in lack of global cues
The DXY chart currently displays a weak bearish momentum, although with low confidence. The potential factors contributing to this momentum are the possibility of the price breaking below an ascending trendline, which could trigger a bearish continuation towards the first support level.
IC Markets Asia Fundamental Forecast | 30 May 2023 What happened in the US session? No news was released during the session, and DXY consolidated within a 50-pip range, between 103.80 – 104.30, as expected. What does it mean for the Asia Session? The second-tier data releases in the session could see the NZD and … Continue reading IC Markets Asia Fundamental Forecast | 30 May 2023
IC Markets Asia Fundamental Forecast | 29 May 2023 What happened in the US session? The US Core PCE Price Index increased by 0.4% m/m, surpassing the 0.3% forecast and the previous month’s rise. This higher-than-expected inflation could prompt the Federal Reserve to tighten monetary policy further, potentially strengthening the USD. What does it mean … Continue reading IC Markets Asia Fundamental Forecast | 29 May 2023
IC Markets Europe Fundamental Forecast | 29 May 2023 What happened in the Asia session? As expected, the DXY consolidated between 103.80 – 104.30 amid a data-free session. What does it mean for the Europe & US Sessions? The bank holidays in Europe and the US will likely keep the DXY within the 50-pip range. … Continue reading IC Markets Europe Fundamental Forecast | 29 May 2023
