{"id":28246,"date":"2022-05-17T21:29:31","date_gmt":"2022-05-17T20:29:31","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=28246"},"modified":"2022-05-17T21:46:52","modified_gmt":"2022-05-17T20:46:52","slug":"forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/","title":{"rendered":"Forex pairs trend as the US dollar comes back under the $104 level"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28246\" class=\"elementor elementor-28246\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-546399a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"546399a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ab131f5\" data-id=\"ab131f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20808db elementor-widget elementor-widget-text-editor\" data-id=\"20808db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Market Wrap<\/strong><\/p><p>If you look across Fin Twit you\u2019re quickly confronted with the bear thesis as to why the stock markets are heavily over valued even after quite a dramatic decline since the start of 2022. At the start of the year the <a href=\"https:\/\/bit.ly\/3uisBoi\" target=\"_blank\" rel=\"noopener\">US Treasury<\/a> was running a surplus for most of January and then we found the US economy in the same situation at the start of May. As of today, the US economy is again running a deficit, which means that the government are net spending into the economy more than they tax back out. This may be the one and only reason why the market rallies. However, as traders we have our setups and as analyst, we attribute different economic scenarios and data points to why the market moves. One thing I do try and do is go against the grain when it is so heavily biased one way. The entire list of indices that we can follow are green today. The <a href=\"https:\/\/bit.ly\/3lWg2Mz\" target=\"_blank\" rel=\"noopener\">Hang Seng<\/a> closed 3.27% to which is the highest index close today. The Australian ASX was the smallest gainer this morning but even that moved 0.27% higher to add to the bullish week so far.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4af72a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4af72a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2630e8b\" data-id=\"2630e8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3180aeb elementor-widget elementor-widget-image\" data-id=\"3180aeb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3MYsB5E\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"931\" height=\"509\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_sp500-8.jpg\" class=\"attachment-large size-large wp-image-28250\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b0cc183 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b0cc183\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1901fc24\" data-id=\"1901fc24\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6413ed78 elementor-widget elementor-widget-text-editor\" data-id=\"6413ed78\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3MYsB5E\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3dc5fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3dc5fb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e97f6b5\" data-id=\"e97f6b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c780dff elementor-widget elementor-widget-text-editor\" data-id=\"c780dff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>In today\u2019s TA video I described how I was expecting the data today to help push the <a href=\"https:\/\/bit.ly\/3MYsB5E\" target=\"_blank\" rel=\"noopener\">S&amp;P500<\/a> towards the double top and the FOMC highs as I believe that is the area of most liquidity, nearest to current price. If that is where the shorts cover, we could accelerate higher and test the upper bounds of the descending channel and potentially higher.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e43ca76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e43ca76\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13056ee\" data-id=\"13056ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9a2b89 elementor-widget elementor-widget-image\" data-id=\"b9a2b89\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"601\" height=\"280\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/Picture1-17.jpg\" class=\"attachment-large size-large wp-image-28254\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e02315c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e02315c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18a76ad\" data-id=\"18a76ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47df357 elementor-widget elementor-widget-text-editor\" data-id=\"47df357\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>US retail sales came in as expected and the previous month was raised higher, which is a great sign for the US economy and maybe a sign that there is liquidity making its way to the back pockets of ordinary citizens as well as corporate profits.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-94f4340 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"94f4340\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13fa753\" data-id=\"13fa753\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ec4673 elementor-widget elementor-widget-image\" data-id=\"1ec4673\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"931\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_dxy-12.jpg\" class=\"attachment-large size-large wp-image-28255\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c3916f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c3916f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-62ab730\" data-id=\"62ab730\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c5c9bf3 elementor-widget elementor-widget-text-editor\" data-id=\"3c5c9bf3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8c6ef39 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c6ef39\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8081c54\" data-id=\"8081c54\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64a7f4d elementor-widget elementor-widget-text-editor\" data-id=\"64a7f4d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> came off its highs and pushed back into the range under $104. I am not looking to short the US dollar until we break market structure to the downside and essentially close below the $102 level. Today\u2019s action was great for anyone looking to counter trade the GBPUSD and EURUSD.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4e0cdf3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4e0cdf3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ca5c078\" data-id=\"ca5c078\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3ae7a17 elementor-widget elementor-widget-image\" data-id=\"3ae7a17\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"601\" height=\"312\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/forex-16.jpg\" class=\"attachment-large size-large wp-image-28259\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-04956fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"04956fb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6fe2120\" data-id=\"6fe2120\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c5e55f5 elementor-widget elementor-widget-text-editor\" data-id=\"c5e55f5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The forex heatmap is all mixed up ahead of the Fed Chair Powell speech with no clear risk sentiment. The pound has held on to its strength and the yen is currently the weakest currency, so the <a href=\"http:\/\/bit.ly\/2O1vgPs\" target=\"_blank\" rel=\"noopener\">GBPJPY<\/a> was a great trade along with <a href=\"http:\/\/bit.ly\/2H3Yk4S\" target=\"_blank\" rel=\"noopener\">EURJPY<\/a> and <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USDJPY<\/a> to the long side. The key high for the GBPUSD and GBPJPY is the one that formed on the 5<sup>th<\/sup> of May as that was the day the Bank of England raised rates, but the market sold off from. There will be stop orders resting there and that makes a great target for the traders looking to short the US dollar from the $105 with a major forex cross like the <a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">GBPUSD<\/a> or <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a>. If Fed Chair Powell gives the market more reason to sell the US dollar, we could be in for a wild ride into the end of this week and the options expiries on Friday.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7839edd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7839edd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58ae4d3\" data-id=\"58ae4d3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0dce58 elementor-widget elementor-widget-image\" data-id=\"e0dce58\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_gbpusd-6.jpg\" class=\"attachment-large size-large wp-image-28260\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-12a0e9f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"12a0e9f0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-37261a87\" data-id=\"37261a87\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6324bb99 elementor-widget elementor-widget-text-editor\" data-id=\"6324bb99\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market Wrap If you look across Fin Twit you\u2019re quickly confronted with the bear thesis as to why the stock markets are heavily over valued even after quite a dramatic decline since the start of 2022. At the start of the year the US Treasury was running a surplus for most of January and then [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[56,154,18,69,20,67,279],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex pairs trend as the US dollar comes back under the $104 level - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex pairs trend as the US dollar comes back under the $104 level Forex pairs trend as the US dollar comes back under the $104 level\" \/>\n<meta property=\"og:description\" content=\"FOMC member Bullard, who has been calling for higher rates, said the Fed could already be close behind the market as the US Treasury yields &amp; mortgage rates have already reached the levels the Fed was targeting. The hawkish Fed might soon follow the Bank of England&#039;s dovish rate hikes, which collapsed the pound?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-17T20:29:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-17T20:46:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/GettyImages-1328439749.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"528\" \/>\n\t<meta property=\"og:image:height\" content=\"284\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Forex pairs trend as the US dollar comes back under the $104 level Forex pairs trend as the US dollar comes back under the $104 level\" \/>\n<meta name=\"twitter:description\" content=\"FOMC member Bullard, who has been calling for higher rates, said the Fed could already be close behind the market as the US Treasury yields &amp; mortgage rates have already reached the levels the Fed was targeting. The hawkish Fed might soon follow the Bank of England&#039;s dovish rate hikes, which collapsed the pound?\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"Forex pairs trend as the US dollar comes back under the $104 level\",\"datePublished\":\"2022-05-17T20:29:31+00:00\",\"dateModified\":\"2022-05-17T20:46:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\"},\"wordCount\":549,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BoE\",\"DXY\",\"EURUSD\",\"FOMC\",\"GBPUSD\",\"US Dollar\",\"USA500\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\",\"url\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\",\"name\":\"Forex pairs trend as the US dollar comes back under the $104 level - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-05-17T20:29:31+00:00\",\"dateModified\":\"2022-05-17T20:46:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex pairs trend as the US dollar comes back under the $104 level\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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The hawkish Fed might soon follow the Bank of England's dovish rate hikes, which collapsed the pound?","og_url":"https:\/\/youtrading.com\/en\/forex-pairs-trend-as-the-us-dollar-comes-back-under-the-104-level\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-05-17T20:29:31+00:00","article_modified_time":"2022-05-17T20:46:52+00:00","og_image":[{"width":528,"height":284,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/GettyImages-1328439749.jpg","type":"image\/jpeg"}],"author":"Neville Hornsey","twitter_card":"summary_large_image","twitter_title":"Forex pairs trend as the US dollar comes back under the $104 level Forex pairs trend as the US dollar comes back under the $104 level","twitter_description":"FOMC member Bullard, who has been calling for higher rates, said the Fed could already be close behind the market as the US Treasury yields & mortgage rates have already reached the levels the Fed was targeting. 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