A nice multidiagonal short set up is forming on the lower timeframe charts of the USDX around the 12625 level. We can expect this to feed through into other multidiagonal longer term trades on metals such as gold, which could see a bounce on a USD fall at the confluence in this chart.
gartley: buy @16.740 cypher: buy @16.294
sell @ 103.414 nice resistance (previous lows) around X if we look left on the 4H chart sorry the C point should of course be at 100.085 but it's just a visual detail :)
AUDUSD should trade higher in the coming days since it felt support at around the 0.7507 level. The entry came shortly after a disappointing US ISM Manufacturing PMI data release.
USDCAD should trade lower in the coming days since it felt resistance at around the 1.3140 level. The entry came shortly after a disappointing US ISM Manufacturing PMI data release.
Fed Dudley was speaking At A joint New York Fed, Indonesian Central Bank Seminar On Sunday evening when he left a mixed impression for the markets to digest - saying "it is premature to rule out an interest-rate increase this year" but then on the contrary saying "Raising Rates Prematurely Would Be Riskier Than Moving Slightly Too Late" and following up that...