US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has put in a massive move since last week’s breakout, and price is standing off at the highs – will bulls force another break to fresh 19-year-highs?
British Pound Recovers as US Dollar Pauses Ahead of Fed Symposium. Will GBP/USD Rally?
The British Pound has mostly held on to yesterday’s gains as energy concerns plague the UK and Europe. The US Dollar is cooling of ahead of Jackson Hole. Where to for GBP/USD?
USD/CNH Cools After Hitting Fresh 2022 High as Markets Await Fed Talk
The Chinese Yuan fell to its lowest level against the US Dollar since August 2020 as China’s economic woes compete against a tightening Fed.
Gold Price Forecast: Gold Breakdown Pivots Back for Resistance Test
Gold prices have been on the move in Q3, first threatening a major breakdown and then jumping from key support. Bears are back on the prowl.
Canadian Dollar Lifted by Crude Oil Bounce. Will USD/CAD Go Higher?
The Canadian Dollar benefitted from crude oil reversing Monday’s early loss as higher energy prices hit the Euro and British Pound. Where to for USD/CAD?
AUD/USD Buoyed After PBOC Action as Wall Street Stocks Sink
The risk-sensitive Australian Dollar held up fairly well against a US Dollar that surged amid a deep selloff on Wall Street.
Euro Price Action Setups: EUR/USD Persistence, EUR/JPY Resistance
Euro bears are giving it another go, pushing EURUSD back-below the parity handle. The big question now is how far they can drive the pair?
US Dollar Wobbles After China Cut Rates and Ahead of Jackson Hole. Will USD Make New Highs?
The US Dollar made fresh high before it gave up some ground today after rate were reduced in China. The upcoming Jackson Hole symposium may provide cluses for USD direction.
Australian Dollar Eyes PBOC Rate Cuts Amid Protracted China Power Woes
The Australian Dollar is facing increased headwinds as China’s power crunch worsens. A PBOC rate cut expected today may not offer much relief to AUD/USD.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar put in a big breakout this week as GBP/USD broke down and USD/JPY jumped to fresh highs at the 137.00 level. EUR/USD tip-toes deeper towards a re-test of parity.