It was a big week for the USD and next week is another, as the FOMC rate decision takes place on Wednesday and DXY is still holding on to a bounce.
The US Dollar continues to rally and tomorrow brings a big driver in the matter with Eurozone CPI followed by Non-farm Payrolls.
It’s been a surprisingly strong start to the year for EUR/USD but the question now is whether bulls can maintain the trend.
The next week is big for the U.S. Dollar with Core PCE, NFP and the FOMC. This webinar looks at several setups around the USD.
EUR/USD has gained more than 12% from the January lows, and a shooting star on the weekly combined with overbought RSI make for an interesting backdrop.
EUR/USD stalled by the pair has held up better than both EUR/JPY and EUR/GBP. This article looks at the single currency in three pairs for the week ahead.
EUR/USD is overbought on the weekly and sellers had an open door to drive a deeper pullback earlier this week. But, so far, they’ve failed to push through the first area of support at the 1.1275 Fibonacci level.
It’s been a big week across markets and there are still several macro setups of interest as we approach the Thursday ECB meeting.
USD went oversold on the weekly for only the second time in the past six years, and last year’s instance led to a massive reversal a couple months later. But context is very important here.
Gold prices scaled up to another fresh ATH last week and the metal has shown no sign yet that the move is nearing over.
It was a strong week for EUR/USD even with the European Central Bank expected to cut rates again at next week’s rate decision.
The US Dollar tanked on the initial tariff announcement but has since clawed back a large portion of those prior losses, helped in large part by a strong rally in USD/JPY.