April 18, 2024
Via: DailyFXThe US dollar, as measured by the DXY index, retreated from multi-month highs on Wednesday, dragged lower by a pullback in Treasury yields. Despite this retracement, the DXY remains biased to the upside, especially after top Fed officials signaled that […]
January 19, 2024
Via: DailyFXEUR/USD lacked directional conviction on Friday, holding above its 200-day simple moving average at 1.0840. To boost sentiment towards the euro, this floor must remain intact, as a breach may lead to a decline towards 1.0770. If weakness persists, all […]
January 18, 2024
Via: DailyFXThe US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]
February 28, 2023
Via: DailyFXThe Canadian dollar has been at the mercy of USD dictatorship of recent as the markets continue its hawkish repricing of interest rate guidance for the Federal Reserve. Peak rates for 2023 have now pushed up above 5.4% while money […]
January 10, 2023
Via: DailyFXThe US Dollar is testing a major spot of support… again. Coming into the year the USD had held the lows right around the same price that had come into play a couple of weeks prior, just after a CPI […]
December 15, 2022
Via: DailyFXDespite a somewhat hawkish tone from Chair Powell during the opening remarks of today’s rate decision, the US Dollar was unable to hold on to an earlier bounce that began after the release of the statement. The Greenback has since […]
October 12, 2022
Via: DailyFXWhen I last looked at the US Dollar on Thursday, the currency was setting up for yet another bullish breakout, showing an ascending triangle pattern with resistance at a familiar spot. That breakout has continued to run and we even […]
July 9, 2024
July 12, 2024
July 18, 2024
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