Home Forex News Positive Sentiment in Global Equities May Push Down Dollar Index Further

Positive Sentiment in Global Equities May Push Down Dollar Index Further

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Meanwhile US stocks rallied to within a few points of a new high and Treasuries sold off on Wednesday after improving economic data and rising hopes over a potential corona virus vaccine. The S&P 500 ended up 1.4 per cent, having climbed briefly above its record-high close set in February. The rebound gives the US benchmark a 50 per cent gain from March lows.

TREND : BULLISH

Time                                      :           13/08/2020

Pivot                                      :           1.1778

Technical View                     :             LONG ABOVE 1.1798

Target                                   :            1.1818, 1.1861, 1.1888, 1.1955

Technical View                     :             SHORT BELOW 1.1758

Target                                   :            1.1738, 1.1725, 1.1668, 1.1631

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