Weekly Technical Trade Levels on USD Majors / Commodities / Crypto
US Dollar Threatens Deeper Pullback- US Treasury Yields, USD/JPY, Bitcoin & Oil Eying Key Resistance
The US Dollar Index (DXY) is trading into the lower bounds of the October opening-range and threatens a more significant correction if broken. The US economic calendar is light until Friday’s PMI reading but a flurry of inflation releases out of the UK, Eurozone, Canada and Japan are on tap. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index(DXY),EUR/USD, US10Y, GBP/USD, AUD/USD, Gold (XAU/USD), Silver (XAG/USD),USD/CAD, Crude Oil (WTI), S&P 500 (SPX500, Bitcoin (BTC/USD), and USD/JPY.
For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
Economic Calendar – latest economic development and upcoming event risk
—Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michael on Twitter @MBForex
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.