–Dollar consolidates near key technical levels –USDJPY may have turned lower, pointing to Greenback weakness– Key US Federal Reserve speeches highlight key event risk in the day and week ahead
Watch the video above for a full rundown for what we’re watching for in the day and week ahead. The Dollar may continue recent consolidation, but we see key risk of near-term volatility on several US Federal Reserve speeches.
Dow Jones FXCM Dollar Index Looks to Consolidate as it Trades Near Important Moving Averages
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez
Take a look at key USD drivers in the below and follow any updates on the Greenback and other currencies via this author’s e-mail distribution list.
Forex Correlations SummaryView forex correlations to the SP 500, SP Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields, and Spot Gold prices.
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX