The bloody markets continue for the fifth day in a row, the dollar strength has destroyed the stock, Forex pairs, and BTC, which leads the crypto market, so eventually the crypto markets also.
Why the dollar is on fire?
Well, because the bond yields are so high, this gives the USD too much strength.
EURUSD
We have the ZEW index from Germany came as a negative, and with the strength of the dollar, I expect a disaster will happen to this pair when the New York session opens a few hours from now.
the pair will start to fall heavily.
GBPUSD
Same situation here, and maybe even worse, we had the average earning index + bonuses came negative, the claimant count change also so negative, the disaster here will be harder than the EURO disaster in New York session.
Stock
to all the stockholders, I pray to God to be merciful.
It is time for people to buckle in and ride the bear. Panic selling is the worse thing to do.
In my opinion, it is a time to sit on your holdings and wait for the rebound. I firmly believe there will be a rebound. Thanks for sharing.
I agree so much, thanks for your interacting!