US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has broken out of a bull flag and tomorrow brings FOMC meeting minutes from the July rate decision, which produced a bearish response in the USD.
The US Dollar has broken out of a bull flag and tomorrow brings FOMC meeting minutes from the July rate decision, which produced a bearish response in the USD.
There was a strong trend in the US Dollar during today’s session. But US equities traded in a range even as FX trends were driving.
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S&P 500 continues to trade sideways as traders eye Fedspeak from Jackson Hole.
The commodity currency central banks have more rate hikes discounted in the coming months.
FTSE 100 remains relatively stable with subdued momentum forming a narrow range. Technical levels assist the imminent move.
The Australian Dollar fell against the US Dollar overnight after weak US and Chinese economic data weighed on copper and iron ore prices. The RBA Minutes are in focus ahead of Australian wage data.
The index posted a moderate recovery following yesterday’s selloff, while the Fed minutes failed to inspire.