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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY, XAU/USD (Gold)
The US Dollar is grasping on to support as we near some significant headline risk that could be pertinent to the Greenback. Tomorrow brings a Bank of Canada rate decision with a high probability of a rate cut; and a rate cut has long been expected for the ECB meeting the day after. Non-farm Payrolls is of interest, as it was last month’s headline miss, the first since November, that really gave USD-bears a shot-in-the-arm, which was followed by the CPI print a couple weeks later. And then next week brings the FOMC rate decision and while there’s scant expectations for any rate moves there, the big question will ... (full story)