Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities heading into FOMC
- Updated trade levels on US Dollar, Sterling, Loonie, Gold, Bitcoin, Crude Oil and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Bulls Vulnerable into FOMC- Gold Plunges into Key Support– Oil Breakout Underway
The US Dollar has mounted a counter-offensive that takes the index back towards the monthly range highs. All eyes are on the Fed this week as inflationary concerns continue to take root – the focus will be on the accompanying quarterly projections on growth, inflation and employment. The USD Majors are poised heading into the release with range-bound conditions and low-volatility setting the stage for a larger breakout later this month. Stay nimble into the Fed rate decision & subsequent presser with Chairman Powell - expect volatility. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index,US Treasuries Yields (US10Y), VIX,EUR/USD, GBP/USD, USD/CAD, NZD/USD, AUD/USD, Bitcoin (BTC/USD), Gold, USD/JPY, Crude Oil (WTI) & SPX. Join me on Wednesday morning for a Mid-Week Market Update to review these setups heading into the FOMC releases.
For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
Economic Calendar
Economic Calendar - latest economic development and upcoming event risk
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michael on Twitter @MBForex
