The US Dollar Index (DXY) is flirting with a big breakdown from the channel it has been caught in since f
The US Dollar Index (DXY) is flirting with a big breakdown from the channel it has been caught in since final yr. Additional including to the combo right here is that volatility has been extraordinarily suppressed and this may very well be an indication that this about to vary as we head in direction of a calendar flip. The preliminary bias with just a little bit extra weak point to verify, will probably be decrease, however it could be unsurprising if it turned out to be a fake-break. However, it’s a good signal {that a} as soon as regular technical construction could also be no extra.
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US Greenback Index (DXY) Weekly Chart (Channel on verge of snapping)
US Dollar Index Chart by TradingView
GBP/USD placed on a present final night time following the exit polls from the UK normal election, with it rallying nicely over three massive figures at one level. It has since eased off a bit and may very well be exhausted within the near-term with ‘buy-the-rumor’ promote the information danger rising. With that in thoughts, taking a considerably impartial stance right here to see how issues settle out. There…