US Dollar

The weekly USD bar doesn’t look all that strong but the context matters, as USD bulls have so far defended higher-low support from the daily chart.

USD/MXN has started to post a gain of around 0.7% in favor of the U.S. dollar, mainly as the market positions ahead of the Bank of Mexico’s upcoming monetary policy decision.

The US Dollar held just inside of 102 on Monday and then pulled back after CPI tomorrow. Bulls have so far held a higher-low but this puts a lot of emphasis on tomorrow’s economic calendar.

Both USD and USD/JPY have started off the week with significant strength and the question now is whether bulls can continue driving reversals amidst a heavy week of data.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

Over the past two sessions, EUR/USD has dropped more than 1.5% in favor of the U.S. dollar, and recent price action now reflects a neutral bias that has held steady amid the pair’s latest short-term movements.

US Dollar is poised to mark a third weekly advance with the bulls holding resistance ahead of China trade talks. Battle lines drawn on the USD weekly technical chart.

A rebound off support at multi-year lows remains coiled just below resistance post-Fed. Battle lines drawn for the bulls on the U.S Dollar short-term technical charts.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

A rebound off support at multi-year lows is testing initial resistance ahead of tomorrow NFP report. Battle lines drawn on the U.S Dollar short-term technical charts.

It’s been a surprisingly strong start to the year for EUR/USD but the question now is whether bulls can maintain the trend.