International Tensions Reemerged, Dollar on the Risk of Another Decline

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The next indication of market direction could come from an unexpected source. Headlines in the past week were about maintaining economic strength by resuming operations in richer countries and rising coronavirus cases in poorer countries. Geopolitical tensions have arisen.

Russia and the United States are “tit for tat” over the buildup of Russian troops near Ukraine and interference in the recent US presidential elections. Tensions are growing again with China, this time over Taiwan. When will these actions hit the markets? Besides, the ECB and Bank of China are holding interest rate decision-making sessions this week.

While expectations for a policy change are low, forecasts and statements will be monitored for any signs of when contraction may begin, especially in Canada. Also, this week’s first FAANG report that Netflix started with. We’ll also get UK employment data and our first global PMI data for April!
Dollar on the Risk of Another Decline
The dollar fell sharply again as falling Treasury yields pushed the US and German equities to new all-time highs. The immediate dollar trend was supposed to change, but it is not yet clear whether it is ready for a resumption of the medium-term downtrend.

At the very least, the EUR/USD should break the 1.2 level with some confidence, while the dollar index should break the 91.30 support. However, there is a downside risk for the dollar.

Last week, the Dow and S&P 500 closed at new all-time highs as the uptrend resumed. For the time being, the DOW’s near-term outlook remains bullish as long as the 33227.78 resistance turned support holds. In the medium term, the entire uptrend from 18213.65 is on track to a 61.8 percent forecast of 18213.65 to 29199.35 from 26143.77 at 37129.47.

Similarly, the S&P 500’s near-term outlook will stay positive as long as the 4068.31 support level remains. In the medium term, the uptrend from 2191.86 is on track to reach a 100 percent estimate of 2191.86 to 3588.11 from 3233.94 at 4630.19.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *