The opening day for the week upon which the Thanksgiving holiday falls has reinforced expectations for the typical liquidity curb. However, ranges as narrow as the one the S&P 500 is carving out are highly prone to volatility; and the Dollar seems to be unencumbered as it follows familiar rate forecasts.

The US Dollar soared on Monday as the Nasdaq 100 sank. A reemergence in harsh Chinese Covid lockdown threats leaves Asia-Pacific markets vulnerable on Tuesday.

Despite the provocative head-and-shoulders pattern breakdown from USDCAD early in November, the pair picked back up its recovery effort Monday amid Fed rhetoric that has recharged rate forecasts. Could the run of Canadian data ahead throttle or perhaps amplify this upswing?

USD/JPY broke out from an ascending triangle to start the week raising the possibility of a return of Yen-weakness.

The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?