At 05:36, EURUSD -0.17% and DXY 0.05%; EUR 36%, USD 50%. Trend in StrongSell. Downtown channel. ATR by 53%, with projection up 1.1821 and projection down 1.1735.POC at 1.17860.
At 14:00, EURUSD -0.17% and DXY 0.10%; EUR 30%, USD 44%. ATR by 56%. POC in1.177795. Delta accumulated in +1080.
This Monday remaining close to its lowest level since 12 DecemberNovember, below 1.18, the euro is on the way to a monthly fall of more than2% against the dollar amid concerns about the increase in covid-19 cases and thenegative impact of the restriction measures on the economic recovery of the bloc
Little changed, the DXY index remains close to its maximum of 4 months, around92.9 supported by expectations of a rapid US economic recovery; youtreasury yields also remain high.
In a drop of more than 1%, gold was trading below USD 1708 an ounce,its lowest point since March 12, pressured by a stronger dollar.
After the sharp rise in the previous session, Wall Street started the week down, whileinvestors assess global banks’ exposure to losses at Archegos CapitalManagement, with Credit Suisse and Nomura Holdings already warning of large losses
In Europe, indexes closed higher, with the DAX 30 renewing a record high andother important indices close to the opening point, despite the uncertaintiesrelated to the pandemic