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The risk mood returns as a key driver for trading sentiment this week

The risk mood returns as a key driver for trading sentiment this week

The index closed at its highest level in over three weeks, as price looks to break out of its recent consolidation range upon multiple tests of the 50.0 Fib retracement level at 3,796 towards the end of December. Now, the break back above its 100-day moving average (red line) sees buyers in a decent spot to extend the upside momentum.

In that lieu, S&P 500 futures are up 0.3% so far today with the dollar also saggin... Read More

Posted: Jan 9 2023, 06:28
Author Name: forexlive
Views: 110559

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