Trading Room

Weekly Forex Analysis Nov 14 – 18, 2022 – DXY Momentum Erased After CPI Data Numbers

November 14, 2022 | 5:16 pm | The 5%ers' Blog > Trading Room
November 14, 2022 | 5:16 pm
The 5%ers' Blog > Trading Room

The balance between risk-off and risk-on environment keeps leading the global market direction

The trading rooms are the opportunity to trade together with our traders!

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In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we discussed the last CPI release on Thursday, which led the US indices to explode and the DXY to tumble.

As a macroeconomic correlation, the balance between risk-off and risk-on environment keeps leading the global market direction.

The EURUSD and GBPUSD have pushed around 10% from their yearly low. However, the bullish momentum in the Dollar may end if we keep getting better economic numbers.

Finally, today, the markets are relatively calm and not making any big movement.

 

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