Weekly Forex Analysis May 30 – Jun 3, 2022
We have discussed the DXY, and we expect it to slide down for the following week into his next liquidity zone, around 99.
The situation in China has been better, as they opened back their economy this week and allowed transportation again. This has led to an important push in Oil and US Indices.
This strengthens the fundamental short-term movement on the Dollar. Regarding Gold, some move on the upside can be expected as the commodity sector continues its bullish movement, and a hedge against inflation is essential.
We have continued our analysis on the EURUSD, GBPUSD, and NZDUSD.
For more forex trading insight, follow us on Instagram: @the.5ers
We will go LIVE again tomorrow @9:00 AM EDT on The5ers YouTube channel
We have discussed the DXY, and we expect it to slide down for the following week into his next liquidity zone, around 99.
The situation in China has been better, as they opened back their economy this week and allowed transportation again. This has led to an important push in Oil and US Indices.
This strengthens the fundamental short-term movement on the Dollar. Regarding Gold, some move on the upside can be expected as the commodity sector continues its bullish movement, and a hedge against inflation is essential.
We have continued our analysis on the EURUSD, GBPUSD, and NZDUSD.
For more forex trading insight, follow us on Instagram: @the.5ers
We will go LIVE again tomorrow @9:00 AM EDT on The5ers YouTube channel
