The calendar is fairly light Stateside with Monday’s ISM services PMI the only real top-tier data, offering little scheduled “spark” on the USD side of the equation this week.
5 June 09:59
China’s weaker-than-expected non-manufacturing PMI, released just hours ago, have sparked a flight to safety.
31 May 12:17
Although the US dollar index is now easing away from overbought conditions, it’s still trading around a two-month high.
29 May 10:15
The drama of the fiscal situation in the world’s biggest economy continues to be front and centre in the minds of investors.
24 May 08:30
The market’s twin themes of a debt ceiling resolution and the chances of a Fed pause at its June meeting will again drive price action this week.
22 May 08:00
The dollar is breaking higher today after recent consolidation of last week’s gains and its advance from a base built up over the last few weeks.
17 May 13:06
From a technical perspective, the USDInd has clambered back above its 50-day simple moving average (SMA), which is now being relied on for immediate support.
15 May 10:44
It’s CPI day, which means markets have been relatively subdued ahead of this marquee risk event.
10 May 12:18
The prospects of more BOE hikes relative to the Fed should help GBPUSD decisively overcome the 1.265 resistance.
8 May 10:42
Hawkish guidance by President Lagarde, perhaps relatively more hawkish than the Fed, may help bolster EURUSD later in the week.
3 May 12:49
Bloomberg’s FX model now points to a 73% chance that EURUSD will trade within the 1.0863 – 1.1135 range over the next one-week period.
1 May 12:46
FX markets have been relatively quiet in recent sessions though the bout of selling in US stocks overnight sparked a bid for the dollar.
26 April 09:30
However, the USD index is now resurfacing back towards its 21-day simple moving average (SMA), with this technical indicator having guided this dollar index lower in recent sessions.
19 April 12:34
It has the potential to be a volatile middle of the week with key data, a central bank meeting and the minutes from the most recent FOMC meeting all set to hit markets within a few hours of each other.
12 April 13:30
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