We’re now in Q2 and this week’s economic docket is loaded, with President Trump’s ‘Liberation Day’ set for tomorrow.
The U.S. Dollar has come back to life since the FOMC rate decision but tomorrow brings a key piece of inflation data and next week brings NFPs.
Stocks showed a strong reaction to the Fed and Gold hit a fresh ATH. Currencies were more muted but the question now is follow-through given the tenuous tariff topic.
EUR/USD has cooled from the earlier March breakout, but bulls haven’t waved the white flag yet and today’s FOMC rate decision brings the potential for volatility.
The USD has been smashed so far in March and tomorrow’s FOMC rate decision will bring a set of highly important forecasts. Can an oversold dollar start to show tendency of a turn?
The European Central Bank is widely expected to cut rates again, but that hasn’t stopped Euro bulls from driving the 2nd strongest weekly outlay against the USD in more than the past decade. This seems to be a USD story though.
It’s been a fast start to the week with selloffs in both U.S. equities and the USD. But volatility continues to flow and tonight brings a State of the Union Speech from President Trump.
EUR/USD is still threatening a breakout at 1.0500 and USD carries deeper pullback potential.
It’s been a recovery for EUR/USD so far in February but there’s still the rest of this week left. Can bulls finally leave behind the 1.0500 level that’s held resistance for five of the past six weeks?
The US Dollar has been putting in lower-lows and highs over the past month and EUR/USD the opposite, with each testing a key price level looked at in yesterday’s webinar.
The U.S. Dollar is looking more and more like a top may be in-place. The tariff topic continues to drive but price action has been on a pattern of lower-lows and highs for more than a month now.
The EUR/USD has risen by more than 1.8% from its low recorded on February 10, when it was holding in the 1.02858 zone.
