USDOLLAR lays foundation for potential swing
The USDOLLAR was exceptionally strong last week. There are reasons to believe that this is set to continue.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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The USDOLLAR was exceptionally strong last week. There are reasons to believe that this is set to continue.
US30 shows uncertainty for the week, as Fed officials give mixed signals.
Bitcoin has broken down out of a bearish continuation pattern.
The Turkish Central Bank has cut rates by 100bps in an inflationary environment.
UK inflation prints at levels not seen since the 1980s
The USDOLLAR has traded independently of rates over the last week. Their correlation may reassert.
Last week's rally was highly favourable for the US30 on a technical basis.
Bitcoin looks to be setting up for another lower peak in its primary trend.
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