Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

John Kicklighter,

Talking Points:

• An uptick in core CPI and persistent remarks from Yellen sent the Dollar on a week-ending rally

EURUSD and GBPUSD stand at critical levels (1.10 and 1.55) that may prove key for momentum

• Yet, with multiple countries offline for holidays Monday, a move may prove anything but decisive

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Fed Chairwoman Janet Yellen closed our trading week with remarks that suggest the central bank is still looking for a rate hike this year. Given the unfavorable drift from the Dollar these past few months under the prospect that Fed Funds futures may be correct it projecting a liftoff in January of 2016, the Dollar's rally is not surprising. However, this move is provocative for other reasons. The Dollar rally has pushed EURUSD to 1.1000, GBPUSD to 1.5500 and USDJPY to 122 - all key technical levels that have held back the tide for a more progressive Greenback move lately. Now, we face a new trading week with a critical barrier tested immediately amid thinned liquidity due to holiday conditions for various US, European and Asian countries. We focus on the Dollar as well as the Euro's Greece troubles, risk trends, the BoC rate decision and other themes in this weekend's Trading Video.

Sign up for John’s email distribution list, here.

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