Dollar Index Fails to Show Definitive Reversal Signs Ahead of FOMC
The Dollar index has consolidated ahead of the September FOMC meeting, but few definitive signs of a bottom are in place.
The Dollar index has consolidated ahead of the September FOMC meeting, but few definitive signs of a bottom are in place.
The combination of current sentiment and recent changes gives us a further mixed GBP/USD trading bias.
Traders have reduced net-short positioning over the last week, suggesting a turn may be coming soon.
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
The combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.
The two key European indices are both moving higher following breakouts above major thresholds; key technical levels and considerations outlined.
The Euro turned higher finding support below the 1.19 figure against the US Dollar but the outlines of last week’s bearish breakout remain intact.
JPY weakness has been a recent theme as correlated markets are moving to a key point on the chart that could either reverse or confirm the 2017 trend, here are the levels to watch.