The US Dollar is testing major uptrend support after reversing sharply off multi-year slope resistance. While the broader exhaustion trade remains in focus, the immediate decline may see some interruptions… Read more »
The US Dollar reversed off long-term slope resistance this week, opening the door for further dollar losses. Here are the levels that matter on the DXY weekly chart. The US… Read more »
Against the US Dollar, Sterling moved below the $1.20 level during London trade, striking a 3-year trough, as FX traders succumb to sell pressure on worries over Sterling’s future after… Read more »
We move into a new trading week and season with critical technical levels under pressure or collapsing. The US indices are on the cusp of volatile but rigid ranges while… Read more »
These are the main highlights of the CFTC Positioning Report for the week ended on August 20: Speculators kept adding longs to the already positive stance in the safe haven… Read more »