US Dollar
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US Dollar Snaps Back, USD/JPY Descending Triangle Breakdown
USD/JPY bears have gone to work over the past two weeks, holding a lower-high even as USD spiked last Friday. And then forcing a breakdown from the descending triangle formation to test below the 151.95 level.
Trump Bump Price Action Setups: Gold, Bitcoin, EUR/USD, SPX
It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.
US Personal Consumption Expenditure (PCE) Report Preview (OCT 2024)
The update to the US PCE index is anticipated to show a rise in both the headline and core reading.
Crude Oil, GBPJPY Forecast: Ceasefire Potential, Trump Tariffs, and Inflation Rates
Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.
Canadian Dollar Technical Forecast: USD/CAD 1.4000 Test After 4-Year Highs
USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?
US Dollar Technical Forecast: USD Trump Rally Breaks Yearly Range
US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.
US Dollar, EUR/USD React at Range Extremes as Gold Recovery Goes Higher
The US Dollar has finally found some resistance after filling the FOMC gap from last year, and that goes along with a EUR/USD bounce from the 1.0500 psychological level.
EUR/USD Defends 1.0500 After USD, DXY Finishes FOMC Gap
It’s been a fast first-half of Q4 for both the US Dollar and EUR/USD and both are now showing a case of RSI divergence from the daily chart.
USD/CAD 1.40, USD/JPY 155, Dollar Domination Continues to DXY Gap
The US Dollar has continued its rally after Trump’s win and last week’s FOMC rate decision, and DXY is now testing some unfilled gap from last November’s FOMC meeting.
US Dollar Short-term Outlook: USD Trump Bump Extends into Resistance
The post-election rally has extended more than 2.7% off the monthly low with USD now testing major resistance. Battle lines drawn on the DXY short-term technical charts.
US Dollar to Range Resistance, EUR/USD to Support, USD/CAD 1.4000
The USD rally has continued and DXY is nearing some key points of range resistance. EUR/USD is tanking and 1.0500 is the next logical spot of support potential. But it’s USD/CAD with the 1.4000 level that’s of interest for USD pullback scenarios.
US Consumer Price Index (CPI) Preview (OCT 2024)
The update to the US CPI is anticipated to show the headline reading widening to 2.6% in October from 2.4% per annum the month prior.
US Dollar Technical Forecast: USD Trump Rally Halted Ahead of Fed
US Dollar surged nearly 5.3% off the yearly low with the Trump election rally failing at major resistance. Battle lines drawn on the weekly technical chart into the Fed.
Federal Reserve Rate Decision Preview (NOV 2024)
The Federal Reserve is expected to deliver a 25bp rate cut in November.
Bitcoin the Big Winner, USD and Stocks Surge on Trump Victory
Markets are making big moves on the back of Trump’s win and if House results confirm a Republican supermajority, there could be drive for even further highs in stocks and Bitcoin. The US Dollar, however…
EUR/USD, USD/JPY, USD/CAD, S&P 500: US Dollar Price Action into the Election
The US Dollar is pulling back on election day and the currency is no longer overbought on the daily chart. In this webinar I looked at several election-related setups and in this article I look at a few of those in USD, EUR/USD, USD/JPY and USD/CAD.
US Elections, Fed, USD Majors, Gold, Oil Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into US Elections / FOMC rate decision this week.
US Dollar In Focus for the Election: Rates, Stocks Set for Volatility
The US Dollar was very strong in October as rising odds of a Trump win started to get priced-in to markets, but can equities avoid a pullback if longer-term US rates continue to fly-higher?
EUR/USD, USD/JPY, USD/CAD: USD Price Action into the Election, FOMC
The US Dollar is working on its first red weekly bar since late-September. While the currency spent most of the past week pulling back, buyers showed a strong reaction to an ugly looking NFP print.
Pre-NFP USD Price Action Setups: EUR/USD, USD/JPY, USD/CAD
The US Dollar has finally pulled back. But – there’s now a key support level in play and tomorrow’s NFP report can be a major market mover, as it’s an early look at October activity in the world’s largest economy.
US Non-Farm Payrolls (NFP) Report Preview (OCT 2024)
The US is projected to add 113K jobs in October, while the Unemployment Rate is expected to hold steady at 4.1% during the same period.
US Dollar Pulls Back Ahead of Inflation, Jobs Data
The US Dollar has finally shown some element of pullback after grinding at a resistance level for the past week. But is the bullish trend over already? We’re nearing a pocket of volatility on the economic calendar that’ll likely have some impact.
US Personal Consumption Expenditure (PCE) Report Preview (SEP 2024)
The update to the US PCE is anticipated to show a slowdown in both the headline and core reading for inflation.