Sunday, 6 December 2020

S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds

The S&P 500 index exhibited a strong negative correlation with the US Dollar over the past 12 months. A potential rebound in the US Dollar may derail stock markets’ upward trajectory.

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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...