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Gold, USD, USD/JPY, EUR/USD, GBP/USD, GBP/JPY Price Action Setups

From forex.com

In last week’s webinar the Dollar had pushed lower after President Trump was asked what he though about the US Dollar weakness, to which he responded, ‘it’s great.’ USD flushed lower and EUR/USD jumped above the 1.2000 level but as we looked at last Tuesday, those were both difficult moves to chase. It was what happened a day later that remains of interest as US Treasury Secretary Scott Bessent offered some comments ahead of the FOMC meeting that helped to bring the USD back to life, and then on Friday some comments from Kevin Hassett made it sound as if the administration wanted to walk back that prior cheering for ... (full story)

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  • Category: Technical Analysis