AUDUSD-SELL STOP( Broke support)
The AUD/USD discovers support near 0.6550 in the European session on Monday. The sell-off move in the Aussie asset has stalled as the US Dollar drops. The US Dollar Index (DXY) corrects to near 103.76 as hopes of the Federal Reserve (Fed) pivoting to rate cuts are imminent.
S&P500 futures remain muted in the European session, indicating a sideways trend. Investors need fresh insights for rate cuts by the Fed. This week, the United States core Personal Consumption Expenditure (PCE) price index data for January will influence market expectations for rate cuts.
S&P500 futures remain muted in the European session, indicating a sideways trend. Investors need fresh insights for rate cuts by the Fed. This week, the United States core Personal Consumption Expenditure (PCE) price index data for January will influence market expectations for rate cuts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.