US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
King Dollar continues to push and EUR/USD is showing more symptoms of breakdown ahead of next week’s EZ inflation and ECB rate decision.
King Dollar continues to push and EUR/USD is showing more symptoms of breakdown ahead of next week’s EZ inflation and ECB rate decision.
The S&P 500 erases a solid early rally and slides about 0.84% following reports that Apple is planning to slow hiring and spending plans to counter mounting economic headwinds.
The price of oil may continue to trade within the descending channel carried over from last month as it fails to defend the April low ($92.93).
EURUSD continued its advance from Friday as traders eye inflation data and the ECB meeting later this week.
Canada’s inflation data will be a key catalyst for the Canadian dollar this week. June CPI, which is seen hitting a new multi-decade high, could boost bets for aggressive BoC tightening.
A softer US Dollar allowed Bitcoin, Ethereum and alt coins to climb, providing temporary relief for crypto bulls.
The US Dollar consolidated around recent highs in the aftermath of dangerously high inflation print. If the Fed moves by 100-basis points, will that lift USD?
Indices rally as risk-on sentiment continues, can we maintain upside momentum?
Slow start to earning season as JPM and MS fail to meet expectations
The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.