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US Dollar Grinding Lower Awaiting Tax Bill Votes
A light economic calendar on Tuesday means the news wire - particularly headlines regarding the US tax reform bill - will be in control of price action.
US Dollar Technicals Find Little Clarity After Fed, BOE, & ECB
The US Dollar sold off after the Wednesday FOMC meeting as expected, but there has been little follow through thanks to weakness in the British Pound and the Euro brought on by the BOE and ECB, respectively.
US Dollar Starts December On Shaky Footing
The past 24-hours haven't been kind to the US Dollar, setting up a shaky start to the final month of 2017.
US Dollar Bias Shifts To Neutral As New Range Is Carved Out
The US Dollar's sharp rebound yesterday seemingly out of nowhere - the October US Advance Retail Sales and CPI reports were rather uninspiring - suggests that traders aren't ready to throw in the towel on the greenback just yet.
DXY Index Carving Out Sideways Range During Quiet Week
The US Dollar (via DXY Index) is trading right back to its weekly open, as a lack of clear drivers on the calendar leaves the greenback waiting for catalysts to cross the news wires.
BoE Preview: British Pound Outlook Hinges On U.K. Hiking Cycle
A material shift in policy should heighten the appeal of Sterling as the BoE finally moves away from its easing-cycle, and GBP/USD may exhibit a more bullish behavior over the coming months.
USD Uptrend Steady Before FOMC; GBP Risky Ahead Of BOE
The US Dollar (via DXY Index) is holding ground for the fourth consecutive day, trading at 94.64 at the time this note was written, the same level it closed at after the ECB rate decision last Thursday.
EUR/USD Head & Shoulders Still Valid; Asymmetric Risk For GBP/USD
The US Dollar is turning back higher today following small losses to start the week, as attention is quickly shifting from the USD-negative political chaos in Washington, D.C. to the expected USD-positive economic developments.
Preview For October ECB Meeting And Outlook For EUR-crosses
Even though the ECB’s policy meeting today won’t produce new staff economic projections (SEPs), which has typically been a precursor for a change in interest rates, market consensus calls for a taper to the ECB’s QE program.
US Dollar Taking Cues From Other Major Currencies
The US Dollar continues to take its cues from the other major currencies as light calendars on Wednesday and Thursday have ceded the spotlight to developments in the Asia-Pacific region and Europe.
DXY Losing Bullish Posture, Broad US Dollar Outlook Turns Neutral
DXY Index is now below its daily 21-EMA, suggesting that broadly, the bias has been neutralized; only selective exposure to USD-pairs is appropriate again.
DXY Index Posture Remains Bullish Ahead Of US NFPs Tomorrow
The US Dollar rally may have shifted into a lower gear this week, thanks in large part due to US Treasury yields stabilizing, but that doesn't mean the recent bull run is over yet.
US Dollar Weighed By Pullback In US Yields; Key Data Today
Given the scope of the ISM Non-Manufacturing/Services and ADP Employment Change reports, we'll have a fairly good idea which way Friday's US jobs data is leaning towards.
EUR/USD Head & Shoulders Suggests US Dollar Is Bottoming
The US Dollar has hit its highest level in a month versus the Euro, fueling speculation that the greenback may have finally bottomed after its most recent two-month swing lower.
Preview For September FOMC Decision & Outlook For USD-pairs
The Fed intends to wind down its balance sheet with an initial reinvestment cap for US Treasuries at “$6 bn per month initially, and will increase in steps of $6 bn at three-month intervals over 12-months, until it reaches $30 bn per month.
Why Does The US Dollar Want Stocks To Go Higher?
The drop in US yields coincided with US equity markets falling back, a sign that price developments were tied to the same source: the newswire churning out stories about rising geopolitical tensions between North Korea and the United States.
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