Dollar off lows as U.S. inflation test looms By Reuters

  © Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Dhara Ranasinghe LONDON (Reuters) – The dollar steadied above almost two-month lows against its major peers on Wednesday, ahead ofRead More →

Dollar edges lower as Fed policy decision looms By Reuters

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking By John McCrank and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar eased versus its main rivals on Monday, after posting its biggestRead More →

US Dollar Threatening Breakout Ahead of Key CPI Release

  US Dollar, USD/JPY, CPI Talking Points: The US Dollar has set a fresh yearly high this morning although there hasn’t yet been significant traction beyond a key Fibonacci resistance level. Tomorrow brings the release of CPI and after last month’s moderation, the expectation is for a flat read mirroringRead More →

FOMC Forecasts Push USD Breakout Potential

  US Dollar Talking Points: Chart formations can be helpful tools in a trader’s arsenal. Surely, not all traders are fans, so let’s just go ahead and address their primary failing up front: They do not predict the future. Chart formations will fail. And while it can be easy toRead More →

Bitcoin, ether slump as market selloff widens By Reuters

  © Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) -Cryptocurrency prices sank on Monday as concerns over the spillover risk to theRead More →

Bulls in charge to the 61.8% Fibo

  Gold prices have recovered a significant portion of the daily drop. Traders will be watching US data and the FOMC Minutes for the week ahead. XAU/USD is trading at $1,779.16 and flat after Friday’s price action. Gold took advantage of a drop in the US dollar on Friday followingRead More →

Will the SPY keep going up or will CPI hit?

  SPY continues to frustrate the herd expecting a pullback. SPY shorts are beginning to cover in the latest Commitment of Traders report. SPY looks technically overbought but this can continue. The S&P ETF, SPY, continues to confound many seasoned commentators looking for a late summer sell-off. The market byRead More →