US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.
The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.
The Euro backed away from recent peaks against the US Dollar in a busy week of data and central bank meetings, including the Federal Reserve. Where to for EUR/USD?
Oil has put in two days of gains to start this week, holding support above the 70 handle. But can bulls put in a larger reversal of trend?
The week ahead is jam-packed with high profile US event risk – anchored by the top listing of a FOMC rate decision. The Dollar is significantly off its multi-decade highs after two months of choppy retreat, but is there enough oomph in what’s ahead to produce an outright bear trend…or perhaps spur recovery?
The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC.
Gold prices have put in a spirited reversal since the November open and the 50% marker of this year’s major move sits just overhead.
The latest US CPI print boosted demand for risk assets. As Sam Bankman-Fried faces criminal charges, BTC/USD remains supported above $17,000.
Risk assets rejoice as inflation rises at a slower pace than anticipated, beating forecasts for a second month in a row. DXY, US 2 year lower while S%P 500 rises
The US dollar is treading water ahead of today’s US inflation report, but traders should be prepared for a bout of post-release volatility.
GBP/USD edged higher following the UK data release before paring gains to trade flat. All eyes turn to the US CPI release with the pair in need of a catalyst.