Trading Insights: US dollar weakest since April 2022
USD vs developed and emerging market currencies
The table below illustrates the previous 52-week percentage performance of the US dollar vs a basket of developed and emerging market FX pairs.
Source TradingView July 17th 2023 7:06 AM UTC
Despite elevated inflation, robust US economic data i.e. strong jobs market is supporting the current risk on theme across financial markets
- German 40 Index (DAX) above its 50 day moving average, suggesting the minor intermediate term (26-49 days) uptrend remains intact. Upside extension towards €16,790s can not be ruled out, downside risk seen below the €14,684 support (see chart 1)
- SP500 Index broke above the key $4,500 resistance suggesting that further upside could remain on the table, eyes on the $4,670s provided price holds above the $4,320s.
Today’s Earnings Deck
The general consensus of online analysts suggests the below table of companies to report positive earnings today.
Source: Tradingview July 17 2023 7:45 UTC
The above table indicates the expected earnings per share estimate for the companies due to report today.
*Do your own research or speak with your financial advisor before making investment decisions.
Today’s economic calendar
Source: TradingView / J. Knobel July 17 2023 6:42 AM UTC
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Not investment advice. Past performance does not guarantee or predict future performance.
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