Dollar tests support in front of FOMC
There are quite a few things to consider when noting the slide to current support at 76.788.
Inside Day Setting Up Consolidation Plays
The dollar’s wide ranging day on October 22nd has created support at 77.09 and resistance at 78.20.
The USD/JPY tests 115.00 and EUR/USD is back above 1.4200
The Dow Jones, the dollar, yen, and euro have all been making news and making moves.
The U.S. Dollar rallies to test 78.00 after G7 weekend
The U.S. Dollar has been rallying since 5:00AM EST. The base of the rally was 77.20.
New lows on the dollar and EUR/USD, USD/CHF set ups
he U.S. Dollar continues its slide lower and this should of absolutely no surprise to any forex trader…
The dollar looking for support after the housing number miss
It seems to be the theme lately for the U.S. Dollar…another bad piece of data sending the already weakened dollar lower.
U.S. Dollar sent lower on TICS data
For moment, let’s pretend that there was no TIC data release this morning…
U.S. Dollar weakness continues to push AUD/USD and USD/CAD
The U.S. Dollar pushed slightly higher on the back of the better-than-expected Empire State Business Conditions Index.
The U.S. Dollar Tests 78.00
If you’re wondering what’s been going on the in the U.S. Dollar look no further than the five minute chart.
Looking ahead to today’s Asian session
There is the interest statement from the Bank of Japan. There is some talk of the BOJ raising rates but this would be a break from the current approach which has been to keep the Yen low.
The U.S. Index in front of the FOMC minutes release.
The 30 minute chart of the dollar shows the near term support at 78.50 and if this level is broken expect prices to re-visit the 78.20 low.
The Dollar-Correlated Majors Post Non-Farm Payrolls
The Non-Farm Payrolls number was an encouraging number for those who were concerned about a soft landing and recession.