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What'll Shake USD From Tight Trading Range?

Published 01/14/2014, 01:41 PM
  • Dollar consolidates near key technical levels
  • USD/JPY may have turned lower, pointing to Greenback weakness
  • Key US Federal Reserve speeches highlight key event risk in the day and week ahead.

Watch the video below for a full rundown for what we’re watching for in the day and week ahead.

The Dollar may continue recent consolidation, but we see key risk of near-term volatility on several US Federal Reserve speeches.

Dow Jones FXCM Dollar Index Looks to Consolidate as it Trades Near Important Moving Averages
The USD
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez

Forex Correlations SummaryView forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields and Spot Gold prices.
FX Correlations
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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