USDOLLAR chart bullish crosses on hourly timeframe
USDOLLAR short-term analysis - 31 August 2022
Page 18 of 61
USDOLLAR short-term analysis - 31 August 2022
The pair is in consolidation mode after Wednesday’s US inflation-fueled surge, little changed by the UK GDP release today
The pair jumped yesterday after US headline CPI eased, which led to dovish market repricing around the Fed’s next rate move, but some officials pushed back
USDOLLAR daily price action has charted a head and shoulders top.
The pair dropped last week, after the gloomy BoE and blockbuster US Jobs report, but finds support during the current one, as markets brace for Wednesday’s US CPI inflation
The pair steadies today, after Friday drop due US unemployment decline to pre-pandemic levels and an overall strong jobs report, which boosts expectation for another big rate hike by the Fed
The EURUSD is rolling over as the daily looks to complete a continuation pattern.
The technical outlook has deteriorated significantly after the pair slumped in July and markets turn to a potentially consequential rate decision by the Bank of England on Thursday
The Japanese Yen attracts risk-off flows due to geopolitical jitters and the pair extends its decline to critical levels, in the aftermath of the Fed’s reserved stance
The pair starts the week on the front foot after Friday’s PCE-induced volatility, as markets gear up for Thursday’s interest rate decision by the Bank of England
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.