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Fed speakers will test dollar strength this week

by Neville Hornsey
16 May 2022
in Forex
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The US dollar is getting a boost currently from a weakening CNH and euro but having seen the US dollar index touch $105 and a significant fib extension, we should anticipate a pullback with profit-taking. The catalyst for such action may come on Tuesday when the FOMC dominate the day, especially when Fed Chair Powell speaks. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

1:14 USD/CNH

2:21 US DOLLAR INDEX

6:27 EUR/USD

7:03 GBP/USD

7:23 USD/JPY

8:10 BRENT

8:45 GOLD

9:11 S&P 500

Tags: BrentCrude oilEURUSDGBPUSDGOLDUS DOLLAR INDEXUSDCNHUSDJPY
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