US Dollar Price Action Setups: USD/JPY, USD/CAD, EUR/USD, GBP/USD, Gold
The US Dollar has rallied since last week’s rate hike and USD/JPY remains a massive driver across the USD complex.
James Stanley
Sr. Strategist
Expertise: Price Action, Macroeconomics
Trading Style:
- Analytical Profile: Technical and Fundamental
- Time Frame: Medium-Term (2 Days to 2 Weeks)
- Type: Event-driven
Experience:
- Started working with equities in 1999, options in 2000, Fixed income in 2006 and FX in 2009
- Worked at Merrill Lynch, Fidelity, TD Ameritrade and DailyFX/FXCM
- Former Head of Education at DailyFX
Education:
- Bachelor of Business Administration degree in Financial Services and Planning from Baylor University’s Hankamer School of Business
Meet our research team
Articles by James Stanley
USD/JPY Short-Term Bullish Structure Amidst Recent Bearish Shift
Perhaps no pair illustrates as large of a dichotomy between short and long-terms right now as USD/JPY, and the big question remains how aggressive policymakers might try to be on continued strength.
S&P 500 Bull Flag Breakout as Long-Term Yields Ease
The fear on the long end of the Treasury curve has taken a step back even as two-year notes saw a massive jump in yield last week. But looking at stocks rallies appear set for resumption with the bull flag in the S&P 500 giving way to an early-week breakout.
Stocks Rally After the Rate Hike but is a Lagging Nasdaq Saying Something?
The response to the rate hike was a strong Thursday outing but ever since Kevin Warsh took over atop the Fed there’s been a shift in equity markets.
USD Price Action Setups: USD/JPY, EUR/USD
The USD closed red last week despite a seemingly bullish backdrop but it made up for it this week, driven by a strong breakout in USD/JPY.
USD/JPY 155.00 Bounce into the BoJ
A hike is widely expected tonight but like the Fed yesterday, the bigger question is what else might be in store.
USD Trades at Seven-Week High After FOMC
The USD broke out after the rate hike announcement but perhaps the bigger question to USD trends is what the Bank of Japan does later tonight.
Nasdaq and S&P 500 into the Fed
It’s a delicate balancing act for Kevin Warsh at today’s FOMC meeting where the bank is highly expected to raise rates for the first time in three years. The Nasdaq 100, meanwhile, hasn’t set a fresh high since the day before his first press conference.
Pre-FOMC USD Price Action Setups
The Fed and BoJ are already expected to hike but the bigger item is what else they might say or do, and that will likely push macro themes as the 10-year note continues to trade at 5%.
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