US Dollar

The US Dollar rally extended for a sixth-consecutive week with a 4.3% advance now approaching uptrend resistance. Battle lines drawn on the DXY weekly technical chart.

Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.

The US is expected to add 154K jobs in December, while the Unemployment Rate is anticipated to hold steady at 4.2% during the same period.

A rebound off uptrend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.

The U.S. Dollar just finished its strongest quarter in nine years, and stock prices remain elevated, as well. This sets the stage for a volatile 2025 as explained in this webinar.

Last quarter was the largest quarterly gain for DXY since Q1 of 2015, and the third largest quarterly gain for the Dollar index in the past 30 years.

The US economy performed better-than-expected in 2024, with the International Monetary Fund (IMF) upgrading its growth forecast for the region.

EUR/USD has recorded a 2% decline over the last five sessions, favoring the dollar and placing the euro in a sustained bearish zone.

A rebound off trend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.

The US Dollar finally pulled back from its aggressive Q4 breakout move, and this was fueled by the strongest weekly outing in EUR/USD in two years with last week’s bounce.

USD/JPY bears have gone to work over the past two weeks, holding a lower-high even as USD spiked last Friday. And then forcing a breakdown from the descending triangle formation to test below the 151.95 level.

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

The update to the US PCE index is anticipated to show a rise in both the headline and core reading.

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.

USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?

US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.

The US Dollar has finally found some resistance after filling the FOMC gap from last year, and that goes along with a EUR/USD bounce from the 1.0500 psychological level.