The US Dollar is starting the week with a bounce and the FOMC is in the blackout period ahead of the next rate decision.

The US indices – led by the blue chip Dow Jones Industrial Average – were knocked off course of a bullish breakout just a day after the initial launch. The monetary policy backdrop seemed to build upon Powell’s remarks Wednesday, but manufacturing activity brings recession concerns back into the mix. What will NFPs do?

ADP Employment data miss strengthens the case for a slowdown in rate hikes from the Fed. Will Fed Chair Powell dent market optimism of a slowdown later in the day?

The US Dollar has opened the week with a support test, and EUR/USD has pulled back before a test of the 1.0500 level. GBP/USD is showing a rising wedge formation.

The British Pound has shown strength so far this week and both GBP/USD and GBP/JPY sit below key resistance levels with the possibility of breakout.

EUR/USD has jumped up to a key level of 1.0350 after a strong bullish response following last week’s CPI data. But – can EUR/USD bulls continue the move?

It was a big week for crypto and the worst does not seem to be over yet as this morning brings news of FTX bankruptcy and resignation of the embattled SBF.

It’s been a fast reaction to CPI data and a quick shift in sentiment as stocks are soaring and the USD is falling after inflation printed at 7.7% for last month.

The USD is grasping for support at a key spot ahead of tomorrow’s CPI print, but EUR/USD performance may have an outsized impact on the matter given the prolonged trend that’s now in focus.

EUR/USD is testing lower-high resistance after pushing down to a fresh weekly low yesterday – but are Euro bears read to re-take control of the single currency?