The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.
Crude oil prices caught a boost this week as production constraints showed around a brewing storm in the Gulf of Mexico, set to touch down this weekend.
WTI crude oil prices put in a strong show of volatility in the second-half of Q2, and Q3 has so far been quieter following last week’s resistance reaction.
EUR/USD bears have returned upon the July/Q3 open and the pair sits at a big level of support that’s been in-play since last year. Can bears bring break down?
The US Dollar is clawing back June losses, but a full slate of Fed-speak including FOMC Chair Powell’s Humphrey Hawkins testimony will keep USD on the move.
The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?
The US Dollar is coming off of a brutal week, but buyers have shown up to provide support around a key level on the chart. Can they maintain control?
EURUSD has pushed up to a fresh six-week-high this morning as USD-weakness continues to get priced-in. Will this Thursday’s ECB rate decision bring upon change?
Gold prices are starting June by continuing Friday’s bullish breakout. With RSI going overbought and beginning to diverge, can bulls continue to push?