The US30 bounce since last week Thursday has run into overhead resistance.
GER30 (GER30)
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Past Performance: Past Performance is not an indicator of future results.
The GER30's underlying instrument is the DAX index future. The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange: Examples are BASF, SAP, Bayer, Allianz etc.
The US30 bounce since last week Thursday has run into overhead resistance.
The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes
Fed Chair suggests that rates may be hiked above neutral. USDOLLAR find support, in response.
The pair comes from six weeks of losses and struggles to snap the streak, trading with caution today below important technical levels
Shorts may use the UK's inflation release as a catalyst for their positions.
The pair consolidates this week and trades with caution today, as markets digest Chair Powell’s Tuesday commentary and poor data form Japan
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