Intraday Strategies for Beginner Traders – October 6
Intraday Strategies for Beginner Traders – October 6
The U.S. dollar remains under pressure.
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The U.S. dollar remains under pressure. The main reasons for its weakness include disappointing economic data and the ongoing government shutdown in the U.S. since mid-last week.The decline of the ISM Services PMI to the critical 50-point level caused concern among market participants. However, the market appeared to anticipate such a slowdown, further reinforcing expectations of upcoming monetary policy easing from the Federal Reserve. With the ISM index hovering near contraction territory, the trend of weakening economic growth is becoming
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