- August 10, 2022
- Posted by: Stratford Team
- Category: Economy
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US Dollar Talking Points:
- The US Dollar is in focus ahead of tomorrow’s release of July CPI numbers.
- DXY caught a bounce last week as hawkish Fed-speak was stoking rate hike bets, but bulls were unable to continue the move and so far this week the USD has been pulling back.
- The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
- Quarterly forecasts have just been released from DailyFX and I wrote the technical portion of the US Dollar forecast. To get the full write-up, click on the link below.
The US Dollar continues to consolidate ahead of tomorrow’s CPI report.
Last week saw a bounce in the US Dollar from a key spot of support, and that was pushed-along by a series of comments from Fed-speakers, all of which seemed to take on a hawkish tone. Last Tuesday’s bar finished as a bullish engulfing candlestick after a test of support…
