This article delves deeply into the technical outlook for the U.S. dollar, concentrating on three major FX pairs: EUR/USD, GBP/USD, and USD/CAD. Key price points to focus on are also examined.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
PCE data was upstaged by Hawkish sentiment from the BoJ this last week but looking ahead, we get monetary policy updates from the ECB and BoC, with the week culminating in US non-farm payrolls
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
The Kiwi dollar has been widely sold after the Reserve Bank of New Zealand eased its stance on further rate hikes, prompting a dovish repricing of the currency
This article offers an in-depth analysis of GBP/USD, EUR/GBP, and GBP/JPY from a technical standpoint, examining recent price behavior and market sentiment to uncover potential shifts in trend.