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.
The US Dollar broke out from a bull flag to start the week, and has just now broken-out again, this time to fresh August highs. Can bulls drive the bid?
EUR/USD hit parity more than a month ago. Since then, prices has held above the big figure, even as sellers have swatted down every bullish flare that’s showed up since.
The US Dollar has broken out of a bull flag and tomorrow brings FOMC meeting minutes from the July rate decision, which produced a bearish response in the USD.
The Nasdaq and S&P 500 set a fresh two-year-low two months ago. But, already the Nasdaq has set a fresh three-month-high as the S&P gears up for a test at a key point of resistance.