US Dollar bulls are back with vengeance as recent strength across USD price action sends the broader DXY Index ripping to fresh yearly highs. Can the US Dollar extend its stretch of gains?
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
Rich Dvorak,
Analyst
USD/JPY PRICE OUTLOOK: STRONG PMI DATA MIGHT STEER YIELDS & DOLLAR HIGHER
The US Dollar whipsawed on Thursday and helped the DXY Index reverse its -0.3% decline
USD/JPY price action weakened as Treasury bond yields struggled to extend their rebound
Flash PMIs scheduled for release tomorrow could weigh on risk trends ahead of the FOMC
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US Dollar bulls and bears battled for directional control during Thursday’s trading session only to see the DXY Index close practically flat. The broader US Dollar weakened as much as -0.3% at intraday lows, which seemed to track downward pressure on Treasury yields that followed disappointing weekly jobless claims data.
US Dollar Forecast: NFP Preview with Fed Policy & Market Impact
2021-07-01 22:10:00
Rich Dvorak,
Analyst
US DOLLAR PRICE OUTLOOK: ALL EYES ON NONFARM PAYROLLS REPORT
US Dollar bulls are flexing their muscles due to the threat that FOMC officials may taper QE
Nonfarm payrolls might need to top 845K to catalyze a sustained breakout by the US Dollar
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USD price action gained ground across the board of major currency pairs on Thursday. US Dollar strength was most notable against the Pound, Yen, and Aussie. The broader DXY Index climbed 0.2% on balance to the 92.50-price level and is pacing its highest close since early April. This was an extension of the prior session’s rally as markets focus their attention on event risk posed by the upcoming release of monthly nonfarm payrolls data due Friday, 02 July at 12:30 GMT.
US Dollar Outlook: USD Volatility to Rise with Fed Decision Due dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
AUD/USD turned sharply lower on Thursday and broke neckline support, providing confirmation of the bearish head and shoulder pattern. Will the US Dollar strengthen further on NFPs due for release?