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Gold prices were smashed on the night of the election, similar to what showed in 2016 when the US Dollar posed a stark turn-around on news that Donald Trump would prevail.

US dollar is in sharp focus as investors' attention turn to FOMC policy decision next and NFP data on Friday, after the ISM Manufacturing PMI and JOLTS jobs opening data disappointed expectations.

With the odds of a Fed cut arriving this year now in jeopardy, it is now over to the BOE, ECB or BOC to take the title as ‘first to begin easing’. And that brings Canadian CPI data into focus today for CAD traders.

The recent underperformance of the Dow Jones has not come without warning, as asset managers have been reducing their net-long exposure for several weeks now. Yet the Nasdaq remains above 18k, which means it may be better suited for bulls should sentiment improve and leave the Dow Jones for bears to consider fading into, should prices rebound.

The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?

The US dollar looks quite a bit different than it did last week. But it’s the week ahead that’s of interest, as we’re getting both an NFP and CPI report before next Wednesday’s FOMC. Buckle up.

The US Dollar has taken a hit, and EUR/USD has pushed to 1.1000 as USD/CAD and USD/JPY have both shown stronger pullbacks.

The US Dollar has continued an aggressive bullish breakout as yields have flown higher since last week’s FOMC. The focus shifts to US data with a big morning on the calendar for Friday.

It’s been a big week for global markets and it’s not over yet, with the Bank of Japan rate decision scheduled for later today.

The bullish move in USD/CAD has been pronounced after the pair bottomed in July, but now the question of topping starts to come in as a major resistance level has come back into the picture.

EUR/USD has sold off for eight consecutive weeks and even EUR/JPY looks like it has potential to put in a turn. Will the European Central Bank rescue bulls with another rate hike this Thursday?

While USD strength has been the rage in many FX markets, the same can’t be said in USD/MXN where Banxico rates have kept the carry driving the short side of the pair for much of the past two years. But now there’s the threat of reversal.

Gold prices showed strength even as USD strength was online over the past couple of weeks. That’s started to shift this week, bringing with it the question as to whether gold bears are waiting in the wings to re-take control of the near-term trend.

The US Dollar has set a fresh five month high this morning and this is despite the fact that bears had an open door to push a pullback last week but couldn’t make much ground below support. EUR/USD remains in the spotlight, but the big question now is whether USD-strength well begin to impact Gold or the S&P 500’s bullish trends.

The US Dollar is snapping back after negative data prints early in the session, and this highlights the PCE and NFP releases on the economic calendar for later this week.

The US Dollar has only done this six times in the past decade, and each instance was wrapped up in a strong trending environment. After DXY spent the first six months of this year consolidating, is a bigger picture trend afoot after the USD breakout from the falling wedge?