US dollar sells off earlier today as Feds may not tighten at expected pace

Current Events:

  • US dollar sells off on Wednesday meeting lower expected month over month core durable goods order at 0.4%
  • Feds hint December rate hike may be delayed to early 2018 as inflation expected to stay below the bank’s 2% for longer than expected
USDJPYH12
USDJPY 12-Hour

After days of stalling at the daily resistance level, this pair is finally selling off breaching several intra-day levels. Currently no forecasts for this pair.

USDCADH8
USDCAD 8-Hour

Currently also monitoring the intra-day range. This could be a very early signal for a longer term trend change to bearish, especially as crude prices pick up as it recovers back up to the $57 per barrel mark.

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