DXY

The weekly trade levels that matter on the US Dollar Index, GBP/USD and USD/CAD charts this week.

US yields are falling, Fed tightening expectations are easing, yet the dollar remains firm. French debt concerns may help explain why, with several major currency pairs approaching important technical levels.

Gold is attempting to break out after a brutal selloff, just as the US dollar and Treasury futures show signs of turning. Historical extremes, shifting momentum and key technical levels suggest a potentially important moment for gold traders.

DXY is holding in a tight range beneath major resistance as traders await the next catalyst from inflation expectations and Fed repricing.

USD/CAD retreats from stretched highs as the US dollar rally cools, with softer yields, Canadian trade strength and crude oil in focus.

DXY is pressing a major inflection zone as stretched momentum and shifting Fed expectations raise the stakes for the next move.

The U.S. Dollar has held firm despite fading Fed hike bets, but Friday’s payrolls could test the rally’s staying power.

EUR/USD, GBP/USD Outlook: The EUR/USD daily RSI has fallen to oversold levels last seen in 2020, raising the risk of a reversal across correlated currency pairs, including the US dollar and GBP/USD.

Core PCE inflation takes center stage Wednesday, with traders watching for signs of renewed price pressure and clues on whether the Fed could hike again in October.

Gold is getting hammered for solid fundamental reasons, but history suggests extreme four-hourly oversold conditions can produce violent countertrend rallies.

A stronger dollar, surging front-end yields and renewed geopolitical tension have combined to push gold back towards key technical support.

Gold and silver had held up surprisingly well against surging US yields. Wednesday’s DXY breakout may have changed that equation.