[Video] Gold to shine again? Euro stalls below 1.20
Matt Simpson March 15, 2021 4:26 AM
With the US dollar index finding support at its 100-day eMA, it provides the potential for near-term strength for the greenback.
Of course, this requires Friday’s low (which respected the 100-day eMA) to remain unchallenged. We have a busy calendar this week including an FOMC meeting which will include the first dot plot and staff forecasts of the year. And this leaves USD markets vulnerable to pockets of volatility.
So today we look at key levels for gold and EUR/USD as they remain sensitive to the dollar’s movements. And we also take a look as AUD/NZD which is once again suggesting a swing high could form around a historical resistance zone.
S&P 500 (0.10%) 12 March 2021
- The index closed -0.43% below its 52-week high
- 287 (56.83%) stocks advanced and 215 (42.57%) declined
- Real Estate (1.5%) was the strongest sector and Communication Services (-0.9%) was the weakest
- 9 out of the 11 sectors outperformed the index
- 85.54% of stocks closed above their 200-day average
- 74.26% of stocks closed above their 50-day average
- 78.22% of stocks closed above their 20-day average
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