A summary of global market movements, highlighting the Dollar Index's rise after the ECB rate cut and the potential for further gains. The report also analyzes the performance of major currency pairs like EURUSD, USDJPY, and GBPUSD, as well as key indices like the Dow Jones, DAX, Nifty, and Nikkei. It concludes with a look at commodities, including crude oil, gold, silver, copper, and natural gas.
The Dollar Index gained strength post the ECB rate cut, but whether it extends further towards 109 or not can be determined after the US PCE & Personal income scheduled today. Euro has slipped below 1.04 and failure to rise back above it can make the pair vulnerable to test 1.0350-1.0300 on the downside.
contineus to trade below 155 and if sustained, can get dragged towards 150 soon.
DOLLAR INDEX EURUSD USDJPY COMMODITIES GLOBAL MARKETS
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