US dollar moving higher. NY Fed Pres. Williams doesn’t rule out a fed hike if needed

NY Fed Pres. Williams doesn’t rule out a fed hike if needed. That has the market on edge and the US dollar moving higher. Rates are also higher with the 10 year now up 4.2 basis points.

EURUSD: The EURUSD is back below the swing area outlined in the kickstart video at 1.0655. It moves back toward its 100-day moving average 1.06419.

GBPUSD: The GBPUSD is moving back within the swing area between 1.2427 and 1.2449, and away from its 50% midpoint at 1.24646.

This article was written by Greg Michalowski at www.forexlive.com.