S&P 500 was a gainer in 2019 with a rally of more than 25% so far. It seems like the index may show the best performance since 2013 and the third-strongest annual gain in 19 years.
Tag - usd
An examination of how the US-China trade tensions have been influencing the USD/CNH and how to trade on it.
American Retail Sales and Core Retail Sales may boost the USD.
British General Elections, meetings of the ECB and SNB will drive markets today.
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range
NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
The day will be highlighted by American economic releases.
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
British trade balance data and German ZEW Economic Sentiment Index may drive GBP and EUR accordingly today.
USD/MXN has found itself within a rather steep downtrend. The pair has topped at 19.6550 at the end of November and during the last several days dropped below the 100-, 50- and 200-day MAs.
USD/BRL has started the week with a substantial move to the downside. The pair formed a lower high last week, thus the price action strongly resembles the “Head and Shoulders” pattern.