Dollar under pressure as crypto momentum accelerates
The US Dollar remains under pressure, supporting risk assets and keeping the broader market backdrop constructive. Equities are mixed, however, with technology stocks losing momentum while consumer stocks perform better. Chinese technology shares are moving higher, adding another positive signal for global risk sentiment.
Crypto remains particularly strong. Bitcoin and Ethereum are now posting their third consecutive strong day, with both approaching their 50-MA on the weekly chart. A break above these technical levels could release additional upside momentum and potentially attract fresh buyers.
Oil is holding relatively firm, although its upside remains limited…
