Trade ideas thread – European session 14 July 2023

<p>Dollar demise set to continue? Well, it certainly looks that way as the technicals are rather awful at the moment for the greenback. I highlighted that <a href="https://www.forexlive.com/news/dollar-in-a-rough-spot-towards-the-end-of-the-week-20230714/" target="_blank" rel="follow">here</a> and also pointed out some spots of hope where dollar buyers may make a stand.</p><p>Besides the dollar slide, equities are also starting to intrigue even more with both the S&amp;P 500 and Nasdaq breaking to fresh highs since April last year. Tech stocks are a major standout in the last few months on the back of the AI boom and we are continuing to ride that wave for now. </p><p>Elsewhere, gold is also seeing a solid rebound to $1,960 and if price can hold above its 100-day moving average of $1,953, there is encouragement to take a look at the $2,000 mark again next.</p><p>What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.</p>

This article was written by Justin Low at www.forexlive.com.