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31
Forex / Galaxy AI Expands: New Horizon...
Last post by PocketOption - Feb 25, 2024, 06:29 am
Galaxy AI Expands: New Horizons in Tech

Galaxy AI

Galaxy AI Expands: New Horizons in Tech



  • Galaxy AI Suite: Exclusive to the Galaxy S24 series, expanding to more Samsung devices soon.

  • Try Galaxy Update: Now available for all Android devices, offering interactive demos of Galaxy AI features.

  • Interactive Demos: Simulate One UI 6.1 experience, including Live Translate, Chat Assist, and more.


Samsung’s latest innovation, the Galaxy AI suite, is setting new benchmarks in mobile technology, initially exclusive to the Galaxy S24 series. However, in a strategic move to widen its user base, Samsung plans to roll out this cutting-edge technology to select high-end devices through a forthcoming firmware update. This expansion signifies Samsung’s commitment to integrating artificial intelligence more deeply into our digital lives, enhancing the user experience with smarter, more intuitive interactions.


Try Galaxy: An Inclusive Platform for All


In a bold move to democratize access to its latest innovations, Samsung has revamped its Try Galaxy app, extending its reach beyond the iOS ecosystem to include all Android devices. This update is not just a mere expansion but a complete overhaul that simulates the One UI 6.1 experience, showcasing features like Live Translate, Photo Assist, and Note Assist. By doing so, Samsung invites users from across the mobile landscape, regardless of brand loyalty, to get a sneak peek at the heart of Galaxy’s AI capabilities.


Explore Galaxy AI with Try Galaxy App


The Try Galaxy app provides an impressive glimpse into Galaxy AI’s potential. However, it’s crucial to understand that the experience is simulated. Users engage with interactive demos showcasing the AI’s functionality. But these demos do not offer the full utility of features found on the Galaxy S24 series. This strategy smartly educates potential users about the AI suite. At the same time, it maintains the exclusivity of the Galaxy S24 series. Despite being simulations, the Try Galaxy app acts as an effective marketing tool. It offers a preview of Samsung’s innovative future without compromising the flagship series’ value.


Samsung’s update to the Try Galaxy app expands access to its AI features. It also reinforces Samsung’s status as a mobile innovation leader. By inviting users from various backgrounds to explore Galaxy AI, Samsung displays its technological expertise. Furthermore, it generates excitement for the future of mobile AI.


The post Galaxy AI Expands: New Horizons in Tech appeared first on FinanceBrokerage.


Source: Galaxy AI Expands: New Horizons in Tech
32
Forex / Portal’s Web3 Gaming: 200 Game...
Last post by PocketOption - Feb 25, 2024, 06:29 am
Portal's Web3 Gaming: 200 Games, $50M ICO Aim

Portal's Web3 Gaming: 200 Games, $50M ICO Aim












Portal’s Web3 Gaming: 200 Games, $50M ICO Aim


Quick Overview



  • Portal’s ICO runs from February 22 to February 29, 2024, aiming to raise 50 million TOKEN.

  • Introducing the PORTAL token, central to the new cross-chain gaming ecosystem.

  • Over 200 games accessible through the Portal Library for connected gaming experiences.

  • Enhanced community engagement and decentralised governance with stake-to-scale and voting systems.

  • Secure, multi-chain transactions enabled by advanced technology and community-operated nodes.














Imagine a world where all your favourite blockchain games live under one roof, seamlessly connected, regardless of their native blockchain. That’s the vision of the Portal Gaming Ecosystem. By leveraging the PORTAL token and a sophisticated gaming infrastructure, this project aims to unite disparate blockchain gaming communities into a single, thriving Web3 ecosystem.


PORTAL ICO Excitement: $50M Goal, 1B TOKEN Supply


The excitement is palpable as the Initial Coin Offering (ICO) for PORTAL tokens kicks off. From February 22 to February 29, 2024, gaming enthusiasts and investors have the chance to be part of this groundbreaking project. With a fundraising goal of $50 million and a total supply of 1 billion tokens, the stakes are high. The ICO accepts BNB, making participation accessible to a broad audience.


200+ Games, Community, Top Security


Developed by the forward-thinking minds at The Portal Foundation, this ecosystem isn’t just a gaming platform; it’s a comprehensive Web3 revolution. Firstly, The Portal Passport offers a unified gateway to Web3 gaming and the middleware that streamlines on-chain transactions, serving as just the tip of the iceberg. Secondly, with access to over 200 games, a vibrant community, and top-notch security, this project is setting new standards.


Stake, Scale, Vote: The Native Token’s Impact


The PORTAL token is at the heart of this ecosystem. It serves as a payment method, a means to provide liquidity, and a tool for decentralised governance. Through the innovative Stake-to-Scale system, both gamers and developers can stake these tokens to increase game visibility and scale player bases. Plus, the voting mechanism ensures that the community’s voice is heard, promoting games and launching new assets with ease.


Tech Breakthrough: Portal Cross-Chain Connectivity


The project’s infrastructure is a blend of the Portal Web3 Engine and the LayerZero protocol, ensuring seamless cross-chain connectivity. By operating nodes, community members not only verify transactions but also earn rewards and fees, contributing to a self-sustaining ecosystem.


All in all, Portal is not just launching a token; it’s pioneering a new dimension in online gaming. With its ICO, the platform invites users to step into a realm where gaming knows no boundaries, communities are united, and favourite games are interconnected. However, remember that the crypto world is very volatile and unpredictable, and it’s better to be careful with your investments.


The post Portal’s Web3 Gaming: 200 Games, $50M ICO Aim appeared first on FinanceBrokerage.


Source: Portal's Web3 Gaming: 200 Games, $50M ICO Aim
33
Forex / China’s Home Prices Drop 7th M...
Last post by PocketOption - Feb 25, 2024, 06:29 am
China's Home Prices Drop 7th Month, Fall 0.7% Annually

China's

China’s Home Prices Drop 7th Month, Fall 0.7% Annually



  • China’s new home prices fell for the seventh consecutive month in January.

  • Month-on-month prices dropped by 0.3%, with an annual decrease of 0.7%, the largest in 10 months.

  • Despite increased support from policymakers, including significant cuts in the benchmark mortgage rate, the market’s confidence remains low.


China’s real estate sector, a critical component of its economic framework, has experienced a continuous decline, with January marking the seventh consecutive month of falling new home prices. The latest data from the National Bureau of Statistics (NBS) reveals a 0.3% drop from the previous month and a 0.7% decrease from the year before. This indicates the sharpest fall in a decade, reflecting the ongoing challenges within a sector plagued by debt issues and a lack of buyer confidence.


China’s Historic Rate Cut Fails to Stir Market


In response to the sector’s troubles, Chinese authorities have implemented several measures to stabilise the market and restore confidence. These efforts include the largest-ever reduction in the benchmark mortgage rate and directives for state banks to increase lending to qualified residential projects. Additionally, major cities have relaxed purchase restrictions to attract buyers. Despite these interventions, the impact remains limited. The mortgage rate cut does not immediately benefit existing mortgage holders. It delays potential positive effects on the market until the following year.


Analysts Doubt China’s Real Estate Policy Impact


Market analysts express scepticism regarding the effectiveness of current policy measures in rejuvenating the property sector. They argue that these attempts may fail to significantly alter market sentiment without substantial supply-side reforms and more aggressive easing policies. While historic, the recent reduction in the benchmark mortgage rate has not met market expectations. This underscores the challenges of stimulating demand in an environment of cautious consumer sentiment and financial strain among developers.


China’s property market continues to face downward pressure, with modest policy support insufficient to counteract the prevailing negative trends. The path to recovery appears complex. It requires both immediate financial interventions and long-term strategies to address structural issues within the sector. As the world watches, the effectiveness of China’s approach to managing its real estate dilemma remains a subject of keen interest and debate.


The post China’s Home Prices Drop 7th Month, Fall 0.7% Annually appeared first on FinanceBrokerage.


Source: China's Home Prices Drop 7th Month, Fall 0.7% Annually
34
Forex / Weekly News Summary for (Febru...
Last post by PocketOption - Feb 25, 2024, 06:29 am
Weekly News Summary for (February 16 to 22)

US Crude Oil Rises Amid Hints of Lower Supply

Weekly News Summary for (February 16 to 22)


 


Friday: February 16: US Consumer Sentiment Rose for its Third Time Straight


On Friday, experts reported that America's consumer sentiment rose higher from January's reading, showing consumers’ assurance about the economy. According to them, practical improvements were made in December and January, hitting different economic areas.


 


The index showed a reading of 79.6, better than January's 79.0. However, it was still below the 80 that economists anticipated. On the other hand, sentiment was up by 30% compared to November's result. Additionally, January’s Consumer Price Index (CPI) showed higher consumer prices than expected while retail sales reported their lowest monthly decline in almost a year.


 


Monday: February 19: Seven Group Offers $1.2 Billion to Control Boral


The Australian investment team, Seven Group Holdings, offered A$1.9 billion ($1.2 billion) to fully control Boral, a building products maker, to maintain the boost in Aussie infrastructure spending in later years.


 


Seven Group declined by -0.29% to A$40.65 apiece, while Boral rose by 4.62% to $6.12 per share. On the other hand, Boral recommended that its shareholders should not get involved with the takeover offer. Also, it stated that an independent board committee was set up to reassess the offer.


 


Tuesday: February 20: Sony Plans a 'Pro' version launch of the PlayStation 5 this 2024


According to analysts, Sony might launch a better version of the PlayStation 5 this year after it slashed expectations for sales of its flagship console. It was an effort to spike interest in the gaming console and offer a better vessel ready for the release of Grand Theft Auto VI next year.


 


In 2023, Sony released a slightly upgraded PS5 and a PlayStation Portal handheld console. However, the new PS5 Pro could be a massive upgrade. Despite the anticipated rollout of the new gaming device, Sony faces an issue regarding its critical gaming business profit margins that are hitting near-decade lows.


 


Wednesday: February 21: Aussie Bitcoin Sentiment Rose Amid US Spot Bitcoin ETF Approval


Based on a recent survey, Australian retail interest in Bitcoin increased after January's approval of spot Bitcoin exchange-traded funds (ETFs) in the US. The crypto's sentiment in Australia was boosted by 25% as its adoption rates increased this year. People aged 55 and above were the main drivers of the 100% increase in sentiment.


 


Moreover, the survey saw 19% of respondents would invest in an Australian Securities Exchange (ASX)-listed spot Bitcoin ETF if available. Meanwhile, those aged 25 to 34 and 35 to 44 showed enthusiasm at 29% and 30%, respectively.


 


Thursday: February 22: US Crude Oil Rises Amid Hints of Lower Supply


On Thursday, oil inched higher, grasping onto gains from the last session brought by signs of weaker supply. US West Texas Intermediate crude futures for April delivery rose by 19% to $78.07 per barrel.


 


According to analysts, the premium of spot prices over near-date futures heightened over the past weeks, showing a strong demand outlook for the coming term. Moreover, refinery restarts in the US are boosting demand after multiple outages slashed US refinery rates to their lowest levels.


 


The post Weekly News Summary for (February 16 to 22) appeared first on FinanceBrokerage.


Source: Weekly News Summary for (February 16 to 22)
35
Forex / QnA3.AI ICO (GPT) Sale: AI Mee...
Last post by PocketOption - Feb 25, 2024, 06:29 am
QnA3.AI ICO (GPT) Sale: AI Meets Crypto, Feb 26-28

QnA3.AI ICO (GPT) Sale: AI Meets Crypto, Feb 26-28

QnA3.AI ICO (GPT) Sale: AI Meets Crypto, Feb 26-28


Quick Look



  • ICO Dates: Feb 26-28; Ticker: GPT; Type: BEP-20.

  • Fundraising Goal: 15 million tokens; Total Supply: 1 billion.

  • Accepted Currencies: ETH, BTC; Role: Utility Token.

  • AI integration for market insights and security enhancements.

  • Strong focus on community benefits and inclusive governance.


QnA3.AI aims to redefine the landscape of digital interactions and financial predictions through the power of artificial intelligence (AI). This innovative project will merge AI capabilities with the dynamic world of cryptocurrency, facilitating unparalleled market predictions, robust security measures, and the democratisation of cutting-edge technology. Moreover, QnA3.AI is committed to a community-driven approach, ensuring that users receive the most benefits, thereby minimising team ownership and prioritising user empowerment.


GPT: Unlock Market Bets & Unique NFT Access


The platform boasts a suite of novel features designed to empower and reward its community. Participants can use the GPT token for interactive engagements, such as predicting trending questions and participating in market bets. Furthermore, the platform extends beyond transactional interactions, offering advertisement and sponsorship opportunities, direct rewards to token holders through dividends, and strategic buy-backs to foster a thriving ecosystem. The introduction of ‘Vetoken,’ derived from GPT staking, marks a significant leap toward enhanced governance and personalised user experiences. Additionally, the platform’s ambitious roadmap hints at exclusive content accessibilities, such as transforming in-depth research reports into valuable NFTs, creating a unique blend of finance and digital art.


QnA3.AI: Simplify Crypto Navigation


The company recognises the prevalent issues of information fragmentation and overload within the Web3 and crypto realms. To address these problems, QnA3.AI proposes a simplified, one-click gateway to comprehensive Web3 information, advanced analytics, and seamless trading capabilities. By integrating advanced logical analyses from Large Language Models, the platform aspires to refine decision-making processes, making navigating the complex crypto market more intuitive for users at all levels.


Inclusive Governance: DAO & Ethical AI Focus


QnA3.AI’s approach to governance and community involvement is both progressive and inclusive. The establishment of a Governance DAO underscores a transparent, democratised decision-making process, emphasising the importance of AI safety and ethical considerations. The project sets a commendable standard with its foundational ethical stance, eschewing personal salaries to reinvest fully in community growth, research, and development initiatives. Engagement is further encouraged through various channels, including regular workshops, online AMAs, and collaborative opportunities with leading AI experts.


60-Day, 15M $GPT Airdrop: Rewarding Engagement


To incentivise engagement and loyalty, QnA3.AI has announced an expansive airdrop program, dispensing 15 million $GPT tokens over 60 days. This strategic distribution aims to eliminate bot activity. It also rewards genuine community interaction. This approach boosts early participation. Furthermore, it establishes a foundation for sustained community growth.


QnA3.AI’s ICO is more than just a token sale. It represents a visionary step towards integrating AI with cryptocurrency. This initiative aims to create a smarter, more secure, and inclusive digital economy. It is already attracting the attention of investors.


The post QnA3.AI ICO (GPT) Sale: AI Meets Crypto, Feb 26-28 appeared first on FinanceBrokerage.


Source: QnA3.AI ICO (GPT) Sale: AI Meets Crypto, Feb 26-28
36
Forex / Oil Market Tightens: Brent at ...
Last post by PocketOption - Feb 25, 2024, 06:29 am
Oil Market Tightens: Brent at $4.34

oil markets

Oil Market Tightens: Brent at $4.34



  • Brent crude futures signal the strongest bullish stance since October, with a notable backwardation of $4.34 a barrel.

  • Tightening physical oil markets in Europe and Africa amid Red Sea shipping delays and OPEC+ supply cuts.

  • Onshore crude inventories plummet to their lowest since early 2017, with Nigerian crude prices soaring.







Amid the complex interplay of supply and demand, the oil market has recently experienced a significant shift. The benchmark Brent crude futures market structure saw its most bullish moment since October, with the premium of the first-month contract to the six-month reaching an impressive $4.34 a barrel. This situation, known as backwardation, highlights a tightening supply, signalling strong demand and limited availability. Analysts, traders, and LSEG data collectively point out that Red Sea shipping delays and strategic OPEC+ supply cuts are intensifying pressures on the physical oil markets across Europe and Africa. These factors further elevate the Brent oil market structure and, consequently, oil futures prices.


Central Banks vs. Oil Dynamics: OPEC+’s $80 Strategy


The upward trend in oil prices benefits oil producers and represents a pivotal moment with broad economic implications. A sustained increase in crude prices could elevate costs across the energy, transportation, and manufacturing sectors. This could potentially disrupt recent efforts to curb global inflation. This occurs at a crucial time as major central banks, prepared to cut interest rates, might find their policies in conflict with these market dynamics. However, this trend is a positive development for OPEC+ -- a coalition aiming to maintain prices above $80 per barrel to meet budgetary requirements.


2017-Low Inventories Stir Global Oil Volatility


The global oil landscape has undergone a dramatic change. Onshore crude inventories have dropped to their lowest levels since early 2017. This significant reduction has led to a sharp increase in the prices of Nigerian crude. Specifically, the Forcados grade has reached a premium unprecedented since October. In contrast, the Middle East cash crude differentials in Asia have remained stable. This stability starkly contrasts with the volatility seen in Europe and Africa. Such volatility and stability underscore the geographical disparities in market strength.


The U.S. crude market is experiencing a complex situation. It is trying to balance tight supply constraints against fluctuating demand patterns. This balancing act adds further complexity to the global oil narrative.


Traders and analysts are navigating these challenging conditions. The interconnectedness of global markets plays a crucial role in this process. Weather phenomena and geopolitical strategies also significantly impact it. Together, these factors are shaping the future of oil prices. These changes have profound implications for economies around the world.







The post Oil Market Tightens: Brent at $4.34 appeared first on FinanceBrokerage.


Source: Oil Market Tightens: Brent at $4.34
37
Forex / Dollar’s Delicate Balance: Ind...
Last post by PocketOption - Feb 25, 2024, 06:29 am
Dollar's Delicate Balance: Index Dips to 103.850

dollar

Dollar’s Delicate Balance: Index Dips to 103.850



  • The U.S. Dollar steadies in early European trade, showing marginal changes.

  • Dollar Index slightly down at 103.850, with a recent low of 103.43.

  • Australian dollar rises, marking a rebound from three-month lows.


In Friday’s early European trading session, the U.S. dollar has performed a delicate balancing act. Traders are caught between the elevated risk sentiment fueled by recent corporate earnings and the hawkish signals emanating from the Federal Reserve. This juxtaposition has cast a shadow over the prospects of early U.S. rate cuts, leaving the financial markets in a state of cautious anticipation.


At the heart of this financial ballet is the Dollar Index, which registered a slight decrease to 103.850. The Dollar Index experienced a significant dip, reaching its lowest point since February 2nd at 103.43. Conversely, it hit a peak of 104.97 on February 14th. These fluctuations highlight a week that might conclude with the dollar in decline. Consequently, traders are shifting their focus towards more cyclical currencies. Furthermore, this transition is primarily driven by Nvidia’s blockbuster earnings report. As a leader in the AI industry, Nvidia has brought a wave of optimism to global investor sentiment.


Currencies’ Diverse Fed Reactions: Won Dips 0.2%


The international currency market has reacted in varied ways to the U.S. dollar’s movements and the Fed’s firm stance on interest rates. The South Korean won recorded a slight retreat, losing 0.2%, reflecting the cautious approach of investors towards emerging market currencies. Conversely, the Singapore dollar remained unchanged, poised for the release of crucial inflation data.


The narrative differed for the Australian dollar, which emerged as one of the day’s few gainers. It appreciated by 0.2%, extending its recovery from a trough that marked its lowest point in three months. This resurgence indicates the nuanced dynamics influencing currency valuations, where regional economic indicators and global sentiment play significant roles.


Looking Ahead: The Dollar’s Trajectory


As the market digests the implications of the Federal Reserve’s latest minutes, which suggest no immediate intention to reduce interest rates, the dollar’s trajectory remains under close observation. Consequently, investors and traders are recalibrating their strategies. They are incorporating the central bank’s preference for sustaining higher rates over a prolonged duration.


In this context of increased vigilance and strategic realignment, the task of predicting currency movements becomes more complex. Moreover, with the global economy positioned at a critical juncture, characterised by technological progress and central bank policies, the path of the dollar reflects the broader financial environment’s mix of uncertainties and possibilities.


The post Dollar’s Delicate Balance: Index Dips to 103.850 appeared first on FinanceBrokerage.


Source: Dollar's Delicate Balance: Index Dips to 103.850
38
Forex / SP&500 at new all time high wh...
Last post by PocketOption - Feb 25, 2024, 06:29 am
SP&500 at new all time high while Nasdaq fell to 17315.4

Vital differences between the NASDAQ 100 VS the S&P 500

SP&500 at new all time high while Nasdaq fell to 17315.4



  • From Monday to Wednesday, we watched the S&P 500 pull back to the 4944.8 support level. 

  • The Nasdaq index was in retreat until Wednesday, when it fell to 17315.4.


S&P 500 index chart analysis


From Monday to Wednesday, we watched the S&P 500 pull back to the 4944.8 support level. After the new support, the index started a strong bullish impulse, which on Thursday evening took us up to 5095.2 levels, a new all-time high. During this morning’s Asian session, we managed to hold above the 5080.0 level. Now, we are waiting for the start of the US session, which could give a new impulse and push us to the 5100.0 level.


Potential higher targets are 5110.0 and 5120.0 levels. We need to break below today’s support at the 5080.0 level for a bearish option. Thus, we would first form a new daily low and indicate a possible increase in bearish momentum and a fall in the index. Potential lower targets are 5070.0 and 5060.0 levels.


S&P 500 Index Chart Analysis


Nasdaq index chart analysis


The Nasdaq index was in retreat until Wednesday, when it fell to 17315.4. This was followed by an ultra-fast recovery to the 17700.0 level. On Thursday, we saw the continuation of the bullish trend up to 18035.0, and we were close to reaching the previous high at 18041.3 level. During the Asian trading session, the index moves in the 17980.0-18000.0 range.


That movement continued in the EU session, we are now waiting for the US session, which could take the first step towards a new all-time high. Potential higher targets are 18050.0 and 18100.00 levels. We would have to pull back below the 17980.0 support level for a bearish scenario. That would reinforce the negative momentum and push the index value into a pullback. Potential lower targets are 17950.0 and 17900.0 levels.


Nasdaq index chart analysis


The post SP&500 at new all time high while Nasdaq fell to 17315.4 appeared first on FinanceBrokerage.


Source: SP&500 at new all time high while Nasdaq fell to 17315.4
39
Forex / AUDUSD Pullback Below 1.06000,...
Last post by PocketOption - Feb 25, 2024, 06:29 am
AUDUSD Pullback Below 1.06000, AUDNZD in a bearish trend

AUDUSD and AUDNZD cover image

AUDUSD Pullback Below 1.06000, AUDNZD in a bearish trend



  • During this week, AUDUSD has been on the bullish side. 

  • AUDNZD is in a bearish trend after climbing to 1.07034 levels last Friday. 


AUDUSD chart analysis


During this week, AUDUSD has been on the bullish side. After consolidation on Monday around the 0.65400 level, we saw a breakthrough above 0.65500 and a more concrete continuation on the bullish side. On Thursday, the pair rises to the 0.65950 level, forming a new weekly high. Then, we saw a pullback to the 0.65400 level, where we found support and started a resistance to the 0.65800 level.


During the previous Asian trading session, AUDUSD fell to the 0.65500 level, thus forming a higher low and confirming the bullish trend. Now, we are again on the way to the 0.65800 level, and we expect to test it by the end of the day. Depending on the momentum, a break above and the formation of a new daily high could occur. Potential higher targets are 0.65900 and 0.66000 levels.


AUDUSD Chart Analysis


AUDNZD chart analysis


AUDNZD is in a bearish trend after climbing to 1.07034 levels last Friday. The pair was in retreat from Monday until last night, forming a weekly low at the 1.05699 level. During the Asian trading session, we saw a retracement and a rise to the 1.06060 level. We stop at that level, and so far, we have not managed to break above it. The pair is currently under pressure and has retreated to the 1.05950 level.


If a pullback is called for, the potential lower targets are 1.05900 and 1.05800. We need a break above the 1.06060 resistance level for a bullish option. Then, we should hold up there so that we can start the recovery with the next impulse. Potential higher targets are 1.06200 and 1.06300 levels. The EMA200 moving average at the 1.06300 level is additional resistance to the bullish continuation.


AUDNZD Chart Analysis


 


The post AUDUSD Pullback Below 1.06000, AUDNZD in a bearish trend appeared first on FinanceBrokerage.


Source: AUDUSD Pullback Below 1.06000, AUDNZD in a bearish trend
40
Forex / The dollar index is under big ...
Last post by PocketOption - Feb 25, 2024, 06:29 am
The dollar index is under big pressure below 104.00 level

U.S. dollar rate

The dollar index is under big pressure below 104.00 level



  • The dollar has been very bearish this week; yesterday, we saw a drop to 103.43. 


Dollar index chart analysis


The dollar has been very bearish this week; yesterday, we saw a drop to 103.43. The index’s pullback started last Wednesday after jumping to 104.98 levels. On Monday, we managed to hold above 104.00, but on Tuesday, we saw a drop below and a new low formed at 103.80.


Wednesday brought us consolidation and stabilization that only lasted until Thursday. Yesterday, in the Asian session, the dollar was under pressure and started a bearish consolidation. This continued until we went down to the 103.40 level. After that, the index consolidated and started a recovery up to 104.10 levels.


Dollar index chart analysis


Does the dollar index go to 103.00 after falling below the 104.00 level?


In this zone, we encounter the EMA200 moving average, which puts additional pressure on the index and its movement, not allowing us to move above. During this morning’s Asian session, we saw a pullback below the 104.00 level, adding pressure to the already weakened dollar.


Next week, we will have a lot of important economic news that could shake the market. New Home Sales on Monday, Core Durable Goods Orders and CB Consumer Confidence on Tuesday. On Wednesday morning, the Reserve Bank of New Zealand will announce whether it will leave the interest rate below the level as before or whether we will see a change. In the afternoon, the important news is the gross domestic product from the US market.


 


The post The dollar index is under big pressure below 104.00 level appeared first on FinanceBrokerage.


Source: The dollar index is under big pressure below 104.00 level
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