[MARKET UPDATE] DXY rises above its 200 DMA (98.52), next level to the upside the 5th May peak at 98.58; News flow light
The DXY's rise above its 200-day moving average suggests increasing bullish momentum for the dollar, with the next resistance point at the May peak of 98.58.
[MARKET ANALYSIS] Crude recovers off lows after taking a breather overnight, with US-Iran no closer to an agreement
French Finance Minister Lescure says there is no plan for a discussion on an oil stock release at the G7. Though, the topic may be brought up.
[MARKET UPDATE] DXY rises above its 200 DMA (98.52), next level to the upside the 5th May peak at 98.58; News flow light
[MARKET ANALYSIS] Sterling firms against EUR, weaker against Buck as Starmer appears on a firmer footing, risks remain into return of Parliament
Shanghai Futures Exchange adjusts price limit for AG2705 silver futures contract to 17%
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This upward movement could signal strengthening confidence in the USD amid light news flow, potentially influencing trader sentiment across related asset classes such as commodities and emerging market currencies.
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