DXY Bullish Pennant Pattern is in play
Market Updates at a Glance 27/6/22 (Monday)🌎
➤A bounce in U.S. stocks last week snapped a three-week losing streak amid the improved sentiment as investors weighed the latest data that might temper an aggressive rate hike.
U.S. existing home sales declined by 3.4% less than expected (3.7%). Eyeing US ISM manufacturing report
Dow 31,500 + 4.76%, S&P 3,911 +5.21% and Nasdaq 11,607 +5.85%. VIX (fear index) 27.
➤The U.S. dollar index eased to 104.13, posted the first weekly loss in the past four-week with the lower treasury yields across the curve, in the weekly chart. The 10-year treasury yield closed slightly higher on Friday to 3.13%.
☛On Technical Front for DXY (U.S. Dollar Index):
Bullish Pennant Pattern is in play and may impact market sentiment for a valid breakout.
➤GBP & EUR closed higher, the first weekly gain in the past four-week with a weaker greenback. GBP finished at 1.2275 while EUR at 1.0552.
➤Oil (Brent) & Gold were higher on Friday, with Oil at $113.31 & Gold at $1827. G7 nations plan to ban gold imports from Russia.
➤ETH & XRP coming off an eleven-week losing streak with a first weekly gain. BTC rebounded slightly to $21,000, ETH to $1197 and XRP to $0.3594.
➤A bounce in U.S. stocks last week snapped a three-week losing streak amid the improved sentiment as investors weighed the latest data that might temper an aggressive rate hike.
U.S. existing home sales declined by 3.4% less than expected (3.7%). Eyeing US ISM manufacturing report
Dow 31,500 + 4.76%, S&P 3,911 +5.21% and Nasdaq 11,607 +5.85%. VIX (fear index) 27.
➤The U.S. dollar index eased to 104.13, posted the first weekly loss in the past four-week with the lower treasury yields across the curve, in the weekly chart. The 10-year treasury yield closed slightly higher on Friday to 3.13%.
☛On Technical Front for DXY (U.S. Dollar Index):
Bullish Pennant Pattern is in play and may impact market sentiment for a valid breakout.
➤GBP & EUR closed higher, the first weekly gain in the past four-week with a weaker greenback. GBP finished at 1.2275 while EUR at 1.0552.
➤Oil (Brent) & Gold were higher on Friday, with Oil at $113.31 & Gold at $1827. G7 nations plan to ban gold imports from Russia.
➤ETH & XRP coming off an eleven-week losing streak with a first weekly gain. BTC rebounded slightly to $21,000, ETH to $1197 and XRP to $0.3594.
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