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Weekly Forex Analysis April 25 – 29, 2022 – The DXY is at A Yearly Supply

April 25, 2022 | 12:57 pm | The 5%ers' Blog > Trading Room
April 25, 2022 | 12:57 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis April 25 – 29, 2022 – The DXY is at A Yearly Supply

US Stocks and Oil continue to tumble as China’s Covid situation worsens.

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In today’s trading room, we have discussed the Second Term of the French Election. Emmanuel Macron defeated far-right leader Marine Le Pen, giving some fresh air to the future of the EUR in a macro-environment.

US Stocks and Oil tumbled last Friday and continued to trade lower this morning as China’s and Beijing worsening Covid outbreak.
All of this was sparked by faster Federal Reserve tightening.

The DXY is trading at the top of his yearly supply and may find some battle at the 102.00 zone.

Gold (XAUUSD) may find some buyers to hedge against the overall context in the following weeks at the 1,900 zone.

 

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