Weekly Analysis: The US Dollar finally had a good week, strengthening against the Euro and breaking the bullish trend line seen on the Daily chart. The main catalyst was the better than expected U.S. Consumer Price Index, released Friday.
Weekly FX Analysis
Weekly Analysis: Last week the pair climbed for over 200 pips, approaching the place where the Brexit move started. A major role was played by the dovish stance of the Fed as revealed by the FOMC Minutes.
Weekly Analysis: The pair climbed last week and nullified the drop seen a week before. The fundamental scene was quiet until Friday, which was the busiest day of the week but was filled with disappointing U.S. data.
Weekly Analysis: The first part of last week was bullish but later on, the US Dollar made a spectacular comeback on the back of better than expected U.S. economic data so the week ended with the bears in control.
Weekly Analysis: Last week the pair picked up speed and the bulls managed to break resistance. The Fed maintained the rate unchanged and did not clearly hint towards the next hike; this drove some investors away from the US Dollar and allowed the pair to climb.
Weekly Analysis: The pair had a pretty indecisive run last week, climbing into resistance and then erasing all gains, dropping to the levels seen in the beginning of the week.