DXY is right at resistance. Rate hikes are behind us. The Fed is going to cut starting today, as many as 7 times by April next year. Is this the turning point for DXY?
XAUUSD is coming ever closer to a bullish reversal and a new high that gold bulls are betting on. Technical indications observed here.
I am banking on XAUUSD to follow a price pattern that USDSGD printed earlier this year. If the same happens, we have a long setup.
USD bulls are in charge at moment but common feature of these forex pairs is how easily they could switch to reversal. Charts of EURUSD, GBPUSD, USDSGD, USDCNH.
Eyes on GBPUSD, GBPJPY with BOE monetary policy, bank rate tomorrow at 7pm. Observations: both pairs are down trend, parked at resistance. 3 charts.