GDP UndershootsThe US Dollar rout continues this week ahead of the all-important NFP release tomorrow. DXY took another leg lower as the prelim Q2 US GDP reading yesterday came in below expectations...
Dollar Testing Key Resistance
Focus on Fed-Speak The US Dollar is stalled at a key resistance level ahead of a slew of incoming data and Fed-speak this week. Looking ahead today, Fed’s Goolsbee and Bowman are due to speak. Both...
USD Softens On NFP Miss, CPI Due Next
NFP Undershoots ForecastsThe US Dollar came under heavy selling pressure on Friday as the latest round of US employment indicators gave a mixed view of the US jobs market. The headline NFP figure was...
Dollar Bulls Show Uncertainty Ahead of NFP
US Labour Data DueThe latest round of US jobs data is due later today and traders will be closely watching the release on the back of the Fed recently hiking rates. Ahead of the release, the US...
US Suffers Second Credit Rating Downgrade in A Decade
US Data DisappointsThe US Dollar is trading higher today as stocks come under pressure on the back of weak US data yesterday and a ratings downgrade from Fitch. On the data front, the US ISM...
DXY H4 | Potential bearish breakout
TitleDXY H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price is approaching the pivot point of 102.2546 and could potentially break below this level; we could see momentum carry price...
DXY H4 | Falling to overlap support
TitleDXY H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 102.5944 and could potentially reverse from here; we could see momentum carry price up...
DXY H4 | Potential bearish reversal
TitleDXY H4 | Potential bearish reversalTypeBearish ReversalPreference:Price has just reversed from our pivot point of 103.7523 which is a pullback resistance that aligns with a 78.6% Fibonacci...
Dollar Higher on Debt Ceiling Optimism & Fed Hawkishness
USD Short-Squeeze ContinuesThe Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With...
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