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Market Sideways While Celebrating Christmas

From puprime.com

The US Dollar index exhibited minimal change yesterday, with an extended sideways trend anticipated to persist, particularly as many countries observe Boxing Day today. However, when financial markets resume after the holiday, the US Dollar is expected to face downward pressure. This projection stems from the widespread expectation among traders that the Federal Reserve will adopt a dovish stance, as indicated by recent market sentiment. The Dollar Index is struggling to find support from its bearish trend and is heading to its lowest level since July. The RSI continues to flow near the oversold zone, while the MACD ... (full story)

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  • Category: Technical Analysis