Dollar Outlook Still Carries Important Event Risk and Technical Pressure
A break is likely for the Dollar and some of its key crosses – but it doesn’t have to be a break based on conviction, especially given holiday liquidity expectations
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A break is likely for the Dollar and some of its key crosses – but it doesn’t have to be a break based on conviction, especially given holiday liquidity expectations
USDJPY has made for one of the most productive charges to peak highs in 2022 and also offers up the most progressive turns – but the trend is not guaranteed
While there is plenty of key event risk over the coming weeks – and before the true year-end liquidity drain – this week’s price action may suffer for anticipation of the following week’s Fed and ECB decisions
The DXY Dollar Index closed below its 200-day simple moving average for the first time in 380 trading days this past week – ending a record run above the trailing measure
Liquidity will reverse course from this week to next as the US Thanksgiving holiday’s seasonal curb on both US and global markets passes