Market Insight for the Week Ending 10 February
- Daily Analysis, Daily Report, Recent Posts, Technical Analysis, Weekly Analysis
- February 4, 2023
It was an exciting week for the financial markets. Marching into the month of February witnessed three major central banks increase their benchmark rates, in line with expectations: the Federal Open Market Committee (FOMC) increased the Fed Funds rate by 25 basis points, and the Bank of England (BoE) and the European Central Bank (ECB)
READ MORECharts: Trading View US Dollar Index: According to the US Dollar Index, the US dollar wrapped up the week on the ropes, shedding more than 1.0%. Month over month, however, the buck trades 0.3% lower, poised to snap a four-month bullish phase, shaped by way of a monthly long-legged doji indecision candle. Overall, the technical
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