STOCK MARKET LOSS
FUNDAMENTAL:
When the dollar strengthens against other currencies, it can reduce the value of revenues generated in foreign markets when converted back into dollars. This can negatively impact corporate earnings, leading to downward pressure on stock prices most of the time.
currently the dollar is strong because they seem to be the last central bank to cut interest rate.
TECHNICAL:
Price on the monthly chart just created a higher high and thereby providing a potential reversal by imprinting bearish candles on the weekly which directly is a break of structure on the daily.
just a simple view.
When the dollar strengthens against other currencies, it can reduce the value of revenues generated in foreign markets when converted back into dollars. This can negatively impact corporate earnings, leading to downward pressure on stock prices most of the time.
currently the dollar is strong because they seem to be the last central bank to cut interest rate.
TECHNICAL:
Price on the monthly chart just created a higher high and thereby providing a potential reversal by imprinting bearish candles on the weekly which directly is a break of structure on the daily.
just a simple view.
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