Ending the week in retreat
Skerdian Meta • 1 min read
The US Dollar was enjoying some good demand during the first part pf the day. EUR/USD fell to 1.1350 while USD/JPY reached 109.10. But the market sentiment reversed and turned bearish for the Buck. The wholesale inventories might have had a say in this as well. Inventories came out negative which is good because it means that the companies will be willing to spend and buy stock and supplies now but the lower inventories will also knock off a few points in the GDP numbers for the Q1. So the USD is heading towards the end of the week with a heavy feeling.
AUD/USD has jumped more than 50 pips after missing our take profit target by just 1 mere pip