Starting the day |
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Hi everyone, welcome back. Majors extended past Friday’s rally against greenback, holding the good tone against the American currency, supported by rising stocks and gold, that reached a new record high. Dollar failed big to extend the downside corrective movement from past Thursday, and chances for the currency to recover some ground has reduced dramatically, as rates differentials weight more at this point.With sentiment improving across the world, we could expect further risk appetite today, if U.S. data comes as expected, much better than previous month. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!
Filed under: Forex Advisor
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