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Intraday Strategies for Beginner Traders on June 29
The US dollar faced some pressure
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The US dollar faced some pressure on Friday but managed to recover much of the positions it lost against the euro, pound, and other risk assets by the end of the day. Positive data from the University of Michigan, along with a firm tone from Federal Reserve officials, strengthened the dollar's position. The consumer sentiment index data published on Friday exceeded analysts' forecasts, signaling the resilience of the US economy. Despite high interest rates, households are showing optimism, which reduces
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Miroslaw Bawulski,
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Maxim Magdalinin
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