US$: still lower Highs for time being

The US$ closed with a bullish weekly candle and the EURX closed with a bearish one. However, the pattern of lower Highs and lower Lows is still evident on and the US$ and, until th …
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US$ weakness setting up a perfect storm?

The US$ has resumed its slide within the descending trading channel and is heading to a major support level at 92.50 which will be the defining region for the US$ in coming ses …
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US$ bouncing off support…again. Groan!

The US$ looks set to bounce, yet again, off the major 92.50 support region thus keeping price action within the 15 month+ trading channel. The end of last week saw the daily chart …
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US$: still lower Highs & lower Lows

There are some conflicting technical signals on the FX indices this week. The US$ index closed higher for the week but is still printing lower Lows and lower Highs whereas the EURX …
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US$ in focus BUT EURX could steal show!

The US$ received little help from last week’s FOMC meeting minutes and the US$ index has edged lower for the week. The index held the week above 94 whole-number level but any clo …
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Decent NFP fails to lift US$

The US$ failed to make any gains out of Friday’s decent NFP and has closed below the 95.50 or half way mark of the twelve+ month trading channel. The 92.50 level is the bearish …
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FX Indices ahead of NFP

The FX Indices are aligned for LONG EUR$ and SHORT US$ ahead of Friday’s NFP. This could all change depending on how NFP plays out but it is worth keeping in mind. I will update …
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US$: a perfect storm brewing?

I have to admit I always thought the US$ might retrace a bit. However, following last Friday’s US GDP data beat and weekend news about support for a Brexit, it seems we could be …
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US$ & US data: divergence continues

The US$ had another down day despite upbeat NFP headline jobs data. The wages component of the data was weaker than expected suggesting potential for a dovish Fed but the overall …
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US$: Friday a revealing last session?

The US$ failed to gain on Friday despite better than expected US CPI data. I keep wondering if, or when, we will be able to look back and say whether one particular event marked t …
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