Thursday, 21 May 2020

Dow Jones Rises to Resistance, US Dollar Dropping to Key Support

Risk On and Risk Off drives price action in short term. US Dollar has increasingly negative correlation to risk appetite.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...