Let's find out why the USD has been a mover despite the measures by the Fed
Daily Market Analysis
Information is not investment advice
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After testing the lowest levels since 2016 in the 101.18 area earlier this week, USD/JPY turned up and returned above 105.00.
EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time.
After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.