Markets see a technical correction
Investors' risk appetite in financial markets has started to weaken.
The US Dollar Index is correcting upward, and the yield on 10-year US Treasury bonds has stabilised around 3.9%. Even positive data showing growth in industrial production in the Eurozone, which was significantly better than anticipated, didn't give the euro a new push to rise. However, the EUR/USD currency pair's technical overbought status is falling and, after a correction, will likely resume its upward movement.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.