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

GBP/USD falls below 1.32 after hawkish Fed minutes. DAX falls for a second day, testing a key support as bond yields rise.

BOE hike bets are rising as the British pound recovers, with GBP strength most promising against the Australian and Canadian dollars.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on Sterling, Aussie & Loonie charts this week.

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.

Sterling has rallied sharply from key support, with GBP/USD at an inflection point that could determine whether a larger recovery is underway.

GBP/USD: Can Stronger UK Growth Offset the Dollar’s Advantage? Oil: Supply Recovery Challenges the Geopolitical Premium.

GBP/USD hovers around a 3-month low. Can the pound turn the tide against a hawkish Fed or will widening policy divergence keep GBP/USD under pressure in Q4?

US dollar net-longs surged at their fastest pace in seven years as futures traders added bearish exposure to the euro and British pound.

GBP/USD and the Dow test key support levels as rising Treasury yields, Fed rate-hike expectations and oversold momentum increase reversal risks.

The US dollar continued to press higher deep into the European session, supported by the slump in the bond markets as yields broke out across the curve. Following the recent hawkish Fed rate hike, yield spreads between the US and the rest of the world has continually increased, and that motion continued today, helped in part by some forecast-beating US macro data and hawkish Fed commentary.

Sterling has slipped below its 200-day moving average as downside momentum carries GBP/USD toward another major technical support zone.

GBP/USD struggles as UK government borrowing exceeds forecasts, putting pressure on Healey ahead of the Budget. DAX eases back after yesterday's gains as oil prices and political headwinds rise.