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IC Markets Blog
What happened in the US session? Light activity was seen on the majors, following the US Empire State Manufacturing Index that came in much worse-than-expected
What happened across the Asia session? Australia’s COVID-19 situation intensifies, with lockdown extended in Melbourne for another two more weeks. Chinese data missed estimates and
Global Markets: Asian Stock Markets : Nikkei down 1.62%, Shanghai Composite up 0.03%, Hang Seng down 0.90%, ASX down 0.61% Commodities : Gold at $1777.85
What happened in the US session? The US Preliminary consumer sentiment survey by the University of Michigan fell to 70.2, far below the expectations at
DXY: Looking at the Weekly chart price may bearish towards the weekly support at 91.8 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension.