DXY

The US dollar moved against its recent macro playbook on Monday. AUD/USD paid the price, although bulls still hold the upper hand.

Key levels on active technical setups in DXY, Gold, and Bitcoin heading into the start of the week.

Ultimately, unless yields start to head lower, the pressure will likely remain on the US dollar, with currencies of countries with better fiscal discipline, like the Norwegian Krone and Swiss franc, likely to remain supported. This makes the USD/NOK our favourite currency to take advantage of the slump in the dollar.

Gold has surged to fresh multi-month highs, but tentative signs the US dollar may be trying to bottom provide an early warning for bulls.

Jackson Hole takes centre stage as Kevin Warsh makes his Fed Chair debut, with 27 years of FX returns revealing a clear volatility pattern.

USD weakness, rising CAD demand and renewed JPY shorts shape this week’s COT report ahead of Jackson Hole.

The US dollar was hammered after Treasury moved to support longer-dated bonds, sending gold and silver sharply higher. It may be premature to declare the debasement trade back, but the embers are glowing.

The US dollar broke support as Treasury buybacks sent long-end yields lower, dragging USD/JPY towards important downside levels.

Precious metals are rangebound, the dollar is hanging tough and traditional macro signals have turned messy. The FOMC minutes may help determine which side breaks first.

The US Dollar Index is holding major support as several FX majors show signs of exhaustion, raising the risk of a near-term dollar rebound.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors this week.

USD longs remain stretched while yen bears retreat for a second week following joint intervention, according to the latest COT report.