Article summary: The Dollar continues to trade in a tight range versus the Euro and other counterparts, but a highly-anticipated Fed meeting could spark big moves in USD pairs.
Euro Continues to Offer Range Trading Opportunities
The Euro finished near four-month lows versus the Dollar, but the lack of volatility in recent markets makes it unlikely it breaks significantly lower. We’re watching key event risk for a potential breakdown.
GBP/USD Breaks Out; Eyes Higher-High on BoE DissentThe Japanese Yen gained ground ahead of the The Sterling may continue to carve a series of higher-highs & higher-lows during the summer months amid the ongoing shift in outlook for the Bank of England.
Australian Dollar May Stumble on Dovish RBA Minutes, Upbeat FOMC
High-profile event risk on the domestic and the external fronts in the week ahead threatens to undermine the recent Australian Dollar rally.
Gold Rally at Risk Heading into FOMC- 1277 Resistance
Building geopolitical tensions in Iraq and Ukraine have offered some much needed support to gold prices which had fallen more than 10% off the March high.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
Source: Daily fx