EUR/USD Weekly Technical Outlook: Euro Seeking Resolution, FOMC Ahead

EUR/USD Highlights: EUR/USD back-and-forth trading has broad outlook mired with uncertainty Topping formation or bull-flag? That remains the big question on this end FOMC rate hike expected, but that doesn’t mean there won’t be volatility See our Top Trading Opportunities for 2018 and expectations for market volatility this year on the DailyFX Trading Guides. The […]

A Strong Dollar Policy Versus Trade Wars

Talking Points: There are many themes that jostle for influence over the Dollar, but monetary policy and traditional growth are clearly losing sway Cross currency influence still carries considerable weight, but political risk (trade wars) seems the most active theme Trade wars that involve the US as a participant are short-term and long-term negative for […]

Crude Oil Price Rise May Stall on EIA Drilling Data

Talking Points: Crude oil and gold prices rose after data showed slowing US wage growth Easing worries about steep Fed rate hikes lifted sentiment, hurt US Dollar Stock index futures hint at “risk-on” mood ahead, EIA drilling report due Crude oil prices shot higher as February’s US labor-market statistics showed wage inflation dropped back to […]

The EUR/USD 1 Minute Versus 1 Month ECB Response

Talking Points: The ECB rate decision is due Thursday at 12:45 GMT with the President typically due for his presser 45 minutes later There is little chance of a policy change at this meeting, but market participants are already attuned to forward guidance Speculation is already running hot behind Euro bulls, and drawing attention to […]