It's been a busy day for the US Dollar with a couple of key drivers coming out of the blue.
Gold prices are once again eyeing a critical resistance zone as China announces retaliatory tariffs. Here are the levels that matter on the XAU/USD charts.
Now that the crude oil symmetrical triangle is seeing prices break lower, pressure is building for a topside break in USDCAD.
The Euro may fall vs the US Dollar if Fed Chairman Jerome Powell’s comments spark risk aversion and boost demand for liquidity.
Crude oil prices may fall as Fed Chair Jerome Powell pours cold water on interest rate cut speculation in a speech at the economic symposium in Jackson Hole.
The British Pound rose on the latest Brexit news, but it still has a way to go before clearing resistance. Meanwhile, Wall Street wobbles as US manufacturing contracts for the first time since 2009.
Sterling is outperforming the Majors vs US Dollar this week with the Pound recovery now probing initial targets. These are the levels that matter on the GBP/USD charts.
The next two days are full of drivers with a slew of Fed speakers set to offer commentary; the big question is whether price action in USD poses a break.
The Euro may fall against the US Dollar if ECB minutes carry ultra-dovish undertones and commentary from Jackson Hole spooks markets against the backdrop of Eurozone PMI data.
Gold prices may form a top if bearish technical cues find follow-through as all eyes turn to a speech by Fed Chair Powell at the Jackson Hole symposium.
The Canadian Dollar faces reversal pressures again after CPI data despite a drop in crude oil prices. Ahead, the Australian and New Zealand Dollars may rally with Asia stocks.
The Euro hasn’t gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.
The US Dollar is flat on the week but a couple of big drivers are ahead on the economic calendar. FOMC Minutes are on the docket for 2 PM ET.
The US Dollar may rise vs the Euro if the FOMC meeting minutes cool rising rate cut bets amid growing downside risks to the global economy.
Gold prices are bracing for impact as July’s FOMC meeting minutes set the tone for rate cut expectations. The response from bond yields may be trend-defining.
Will the US Dollar see near-term losses against the Philippine Peso, Singapore Dollar and Malaysian Ringgit? Technical signals seem to point in that direction as FOMC minutes near.
The Euro and bond yields brushed off Italian Prime Minister Giuseppe Conte resigning, with EUR/USD facing mixed technical and sentiment signals. The anti-risk Yen may gain ahead.
The S&P 500 remains within a broad consolidation level just below a key pivot zone we’ve been tracking for weeks. These are the levels that matter on the SPX500 charts.
Oil prices have spent the past two weeks recovering from a support test at a bit zone. But, with trendline resistance now in play, can sellers take control?
Euro traders may get jittery if Prime Minister Guiseppe Conte’s address to the Italian Senate revives fears of political uncertainty and the prospect of a snap election.
Crude oil prices have run into four-month chart resistance as markets await cues from July’s FOMC and ECB meeting minutes as well as the Jackson Hole symposium.
The US Dollar rose, climbing alongside bond yields as risk appetite picked up pace. Anti-fiat gold prices underperformed, eyeing near-term support amid rising net-long bets.
The US Dollar is targeting resistance near two-month highs vs Loonie with the long-bias vulnerable near-term. These are the levels that matter on the USD/CAD charts.
It's going to be a big week for the US Dollar and likely US equities as the Jackson Hole Economic Symposium kicks off on Wednesday.