The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
Euro reversed off technical uptrend resistance with price threatening a larger June correction. The levels that matter on the EUR/USD weekly chart heading into FOMC.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.
The Dollar plunge was halted by yearly open support for a fifth-week with the USD recovery in focus heading into FOMC. The technical levels that matter on the DXY chart.