Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD
CAD/JPY broke down and EUR/CAD broke out, but USD/CAD sits on a key spot of support taken from prior resistance that bears have not been able to break through.
S&P 500, Nasdaq, Dow Jones Breakout on Soft PPI, Resistance Overhead
A soft PPI report gave bulls hope on inflation trends as short-term breakouts in the S&P and Nasdaq continued. The Dow is working very near a spot of long-term resistance.
US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?
The US Dollar clawed back some ground today as the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar?
Japanese Yen Holds Ground as Inflation Data Sinks the US Dollar. Lower USD/JPY?
The Japanese Yen gained on a weaker US Dollar after US CPI came in softer than forecast, driving Treasury yields lower and spurring hopes for a Fed policy pivot. Will USD/JPY break lower?
British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP/USD Again?
The British Pound is under the pump again as the collapse of FTX ricochets through markets in a risk-off rout that has seen the US Dollar resumed the ascendency. Where to for GBP/USD?
British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?
The British Pound is anchored near the top end this week’s range after US Dollar gave some ground overnight with the focus on the Fed’s pace of tightening. Where to for GBP/USD?
Euro Firmed as the US Dollar Paused Amid Fed and China Factors. Where to for EUR/USD?
The Euro finally found some traction today after Monday’s rout that saw EUR/USD slide lower on comments from Fed speakers and China growth concerns. Will EUR/USD continue slipping?
US Dollar Finds Firmer Footing as Treasury Yields Lift and China Locks Down
The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?
Australian Dollar Filleted by Fedspeak as US Dollar Resumes Ascendency
The Australian Dollar came under pressure today after the US Dollar got a boost from Fed speakers reminding markets of their intentions for rates. Will a strong USD send AUD lower?
Euro Pauses as US Dollar Underpinned by Fed on Sturdy Data Ahead of EU CPI
The Euro made a 4-month high earlier in the week against the US Dollar on a soft US PPI, but overnight data and Fed rhetoric has seen a pause in the meteoric rise. Will EUR/USD go higher?