After touching the year-to-date bottom from early February at 100.82 last week, the DXY has rebounded this week. If it holds onto its gains and prints a positive, green candle, that will at least stop a run of five consecutive weeks of losses.

Asian shares finished mixed on Tuesday, shrugging off the initial boost from China’s better-than-expected Q1 GDP as signs of an uneven recovery stalled risk taking. The world’s second largest economy smashed forecasts by expanding 4.5% in the first quarter from a year earlier.

Markets love round numbers! They act as important psychological markers and can prompt strong reactions in price action as well as grabbing the headlines. These levels can also act as decisive areas of resistance and support on a technical basis...

European markets flashed green on Tuesday along with Asian equities as fears over a looming banking crisis eased.