USDOLLAR tests lower boundary of weekly consolidation pattern.
The dollar’s consolidation continues. FXCM’s USDOLLAR basket has drifted sideways in a symmetrical triangle pattern.
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The dollar’s consolidation continues. FXCM’s USDOLLAR basket has drifted sideways in a symmetrical triangle pattern.
The pair extends it 2023 highs as another hot jobs report keeps pressure on the Bank of England for further monetary tightening
Watch today’s US Open for insights on Meta’s Twitter-rival platform, the Fed minutes that sustained expectation for a hike later in the month and more
Watch today’s US Open for insights on the new rate pause by the Reserve Bank of Australia, the latest Sino-Western disputes, key upcoming releases and more
Despite supportive Yen comments by Japanese officials and soft US headline PCE inflation, USD/JPY stays close to the September 2023 intervention levels
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
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