Financial market overview
US Dollar, Stocks in Recovery Mode on Robust Data
2024.10.15 05:12
Both the and stocks continue moving to the upside as the market speculates that the Fed may slow down its dovish stance, given that the US economy is performing relatively well, unlike Europe, particularly Germany.
This week, the focus will be on the ECB, as they are expected to cut rates, which is pushing lower and supporting the bullish trend in the . 
However, when looking at the Dollar Index, we could be in the late stages of an impulse wave (possibly wave five), so it may be too late to join this intraday recovery. If you are looking for opportunities on the upside, it would be better to wait for a pullback, with wave “b) potentially bottoming around the 101.80 to 102.30 area.
