Technical indicators continue to point to a move away from risk. The sell-off on the back of coronavirus fears might not be as extreme as earlier in the year but does look to have some momentum.
It’s all about the dollar and the US Dollar Basket has some room to the upside before it meets Weekly resistance levels in the form of the 20 SMA.
The Monthly chart showing the renewed appetite for the greenback coinciding with a bounce off the Monthly 100 SMA.
Forextraders' Broker of the Month
ForexTime (FXTM) is an award-winning platform that certainly has the feeling of being set up by people who know what they are doing. The firm demonstrates an understanding of what helps traders make better returns, and its success can be measured by the fact that it's doubled the number of clients it supports in recent years. The fact that the broker has grown to have more than two million accounts suggests it is getting things right for clients.