Bearish bias remains for the Dollar this week...
The Dollar index looks quite comfortable at the moment above the 91.000 handle after Friday’s rebound to register a late peak for the week, but is off best levels between 91.190-390 parameters as several components claw back some losses and other majors derive a degree of traction via supportive fundamental and technical impulses.
However, trading conditions are relatively thin at the start of the new month due to market closures in various countries, such as Japan (Constitution Day), China (Labour Day) and the UK (early May Bank holiday) awaiting the final US Market manufacturing PMI, ISM and construction spending before speeches from Fed’s Williams and Chair Powell.
Bearish bias remains for the Dollar this week.
However, trading conditions are relatively thin at the start of the new month due to market closures in various countries, such as Japan (Constitution Day), China (Labour Day) and the UK (early May Bank holiday) awaiting the final US Market manufacturing PMI, ISM and construction spending before speeches from Fed’s Williams and Chair Powell.
Bearish bias remains for the Dollar this week.
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