Forex Trading News & Analysis

GBP Reacts to CB Talk as the Queen Speaks. USD Waits for Fed Speakers; NZD Vulnerable to RBNZ.

Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics. Gold, USD Strong Inverse Correlation and in Confluence. FTSE Further Develops Range on Sharp Turn Lower.

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Dow Jones Industrial Average Struggles to Hold the Gap Higher. Fed speakers have lifted the US Dollar the past two days; the greenback looks to four more on Thursday and Friday.

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In this webinar, we focused on the US dollar at key resistance, weak euro and sterling cross-rate price action, gold, and indices. Precious metals at or near support, and with correlation and confluence with the US dollar in place, bounce-risk in play.

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