USDOLLAR continues to consolidate in longer-term pattern
FXCM's USDOLLAR basket is consolidating sideways in a symmetrical triangle pattern.
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FXCM's USDOLLAR basket is consolidating sideways in a symmetrical triangle pattern.
Watch today’s US Open for insights on the hawkish comments by Fed Chair Powell, Australia’s inflation deceleration ahead of next week’s RBA meting and more
The USDOLLAR reacted to the general hawkish tone by moving from its neutral channel, between the blue bands, into its bullish channel between the upper blue and red bands. Its daily RSI is above 50 (green rectangle). This is the bullish side of the oscillator. The longer it maintains on this side of 50, the greater the likelihood of further USDOLLAR appreciation.
The pair drops as today’s Australian inflation moderated significantly in May, not long after the RBA had hiked rates again in order to control it
Watch today’s US Open for insights on the verbal Yen support by Japanese officials, which contains USD/JPY, hawkish commentary by ECB policymakers that send EUR/USD higher and more
The 02-year yield is a good proxy for central bank monetary policy. This is because the short end of the curve adjusts quickly to changes in the cost of capital. As such, we can look at the spread between two regions’ 02-year notes to get an idea on how the market views their respective monetary policies.
The pair heads towards its third straight profitable month, but trades with caution close to September’s intervention levels, as Japanese officials step up their rhetoric this week
The dollar has shown minimal response to the aborted Wagner mutiny in Russia over the weekend. The restrained reaction likely indicates the uncertainty surrounding the future course of action following the recent challenge to President Putin's authority.
The pair dropped last week and starts the new one with caution, as the aggressive hike by the Bank of England has sparked concerns over the economy and a potential borrowing crisis
Watch today’s US Open for insights on the forceful rate hike by the bank of England, Fed Chair Powell’s Congress testimony and more
The Central Bank of Turkey raised interest rates to 15%, from 8.5%. This pushed borrowing costs to their highest levels since late 2021. This is a stark turnaround of policy from President Tayyip Edogan’s unorthodox economic policies, which saw rate cuts in the face of higher inflation.
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