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What Could Shake the US Dollar From its Tight Trading Range?

What Could Shake the US Dollar From its Tight Trading Range?

David Rodriguez, Head of Product

-Dollar consolidates near key technical levels -USDJPY may have turned lower, pointing to Greenback weakness- Key US Federal Reserve speeches highlight key event risk in the day and week ahead

Watch the video above for a full rundown for what we’re watching for in the day and week ahead. The Dollar may continue recent consolidation, but we see key risk of near-term volatility on several US Federal Reserve speeches.

Dow Jones FXCM Dollar Index Looks to Consolidate as it Trades Near Important Moving Averages

us_dollar_top_movers_include_Fed_speeches_and_yields_body_Picture_5.png, What Could Shake the US Dollar From its Tight Trading Range?

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez

Take a look at key USD drivers in the below and follow any updates on the Greenback and other currencies via this author’s e-mail distribution list.

Forex Correlations SummaryView forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields, and Spot Gold prices.

us_dollar_top_movers_include_Fed_speeches_and_yields_body_Picture_6.png, What Could Shake the US Dollar From its Tight Trading Range?

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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