The dollar posted fresh lows versus the euro, sterling and yen, among other currencies, before rebounding some. HotForex’s senior analyst, Stuart Cowell has shared its 15 January USD Intraday Technical Outlook for traders to benefit from.
15 January, HotForex – Forex today witnessed yet another round of broad-based USD selling, which triggered a massive buying interest around the Antipodeans, with the Aussie having emerged the top gainer while the Yen was the biggest loser, despite positive Asian equities and higher gold prices.
U.S. markets are closed Monday for the Martin Luther King holiday. The hefty rally on Wall Street has helped lead global markets higher so far in 2018. While there’s plenty of unease to go around at these lofty levels, the underlying optimism suggested by earnings expectations, the bullish momentum, and the forecasts for sustained economic growth ahead suggest the rally can be extended. Earnings should be the guiding force in the markets this week, with some impact from economic data.
15 January USD Intraday Technical Outlook (+Video)
USD Remains very unloved – The dollar posted fresh lows versus the euro, sterling and yen, among other currencies, before rebounding some.
This article about 15 January USD Intraday Technical Outlook was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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