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The USDOLLAR has traded independently of rates over the last week. Their correlation may reassert.
The pair is in a good mood today after last week’s US CPI-fueled decline and remains contained within the daily Ichimoku Cloud, looking for catalysts
The USDOLLAR has shown stability and is yet to break down from its daily head and shoulders pattern conclusively.
The pair is in consolidation mode after Wednesday’s US inflation-fueled surge, little changed by the UK GDP release today
The pair jumped yesterday after US headline CPI eased, which led to dovish market repricing around the Fed’s next rate move, but some officials pushed back
USDOLLAR daily price action has charted a head and shoulders top.
The pair dropped last week, after the gloomy BoE and blockbuster US Jobs report, but finds support during the current one, as markets brace for Wednesday’s US CPI inflation
The pair steadies today, after Friday drop due US unemployment decline to pre-pandemic levels and an overall strong jobs report, which boosts expectation for another big rate hike by the Fed
The EURUSD is rolling over as the daily looks to complete a continuation pattern.
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