Weekly overview 30.04.2017

Mentioned products: SPX, RUT, NDX, SX5E, AUDUSD, NZDUSD, CL, RBS

It’s so hard to write something really exciting in the equity indices space right now. Sure, I think we can expect another move higher some time, but are we first on a course to fill those nasty gaps with some choppy action? There are few proofs which could back this thesis. Read More

Real test for US dollar bulls!

In the latest weekly overview I wrote EURUSD is a hot mess. Price action this week confirms the ‘hot mess’ theme. EURUSD contributes the biggest weight in the US dollar index and thus we could say DXY is a hot mess as well.

DXY is trading at an important technical level right now and now is the time for bulls to show if they have any power left to move the price higher!

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