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  • Tuesday 14 April 2020

    SP500 and Dow Jones bullish as the dollar sells

    The dollar as sold in the previous weeks as we have predicted in our recent trading forecast and this week we are expecting the dollar index to continue selling as the recent news releases have been very bad due to the lockdown in most cities as the coronavirus has deemed very difficult to control.

    with the government of china finally out of lockdown we will be expecting the markets to show recovery as the Chinese manufactures will be getting back to production.

    Technical Analysis

    The dollar Index has been on a bearish move in the past weeks and we are expecting more selling on the dollar as the global economies are getting back to open a number of industries and easing lockdowns.

    Sifiso Nkwanyana

    Author & Editor

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