US Dollar Reversal Persists, Technical Picture Looking Worrying

US Dollar Reversal Persists, Technical Picture Looking Worrying https://www.dailyfx.com/forex/market_alert/2022/05/23/US-Dollar-Reversal-Persists-Technical-Picture-Looking-Worrying-JM.html USD hampered by China tariff and ECB hike chatter. Technically worrying signs

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DailyFX - Market News FX

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United States Goods Trade Balance dipped from previous $-59.1B to $-86.9B in November 29 January 2026

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United States Goods Trade Balance increased to $-27.9B in November from previous $-59.1B 29 January 2026

United States Goods Trade Balance increased to $-27.9B in November from previous $-59.1B

United States Unit Labor Costs in line with expectations (-1.9%) in 3Q 29 January 2026

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Canada International Merchandise Trade came in at $-2.2B, below expectations ($-0.7B) in November 29 January 2026

Canada International Merchandise Trade came in at $-2.2B, below expectations ($-0.7B) in November

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Canada Exports: $63.94B (November) vs previous $65.61B

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Canada Imports declined to $66.14B in November from previous $66.19B

United States Goods and Services Trade Balance came in at $-56.8B, below expectations ($-40.5B) in November 29 January 2026

United States Goods and Services Trade Balance came in at $-56.8B, below expectations ($-40.5B) in November

United States Initial Jobless Claims 4-week average increased to 206.25K in January 23 from previous 201.5K 29 January 2026

United States Initial Jobless Claims 4-week average increased to 206.25K in January 23 from previous 201.5K

United States Initial Jobless Claims above forecasts (205K) in January 23: Actual (209K) 29 January 2026

United States Initial Jobless Claims above forecasts (205K) in January 23: Actual (209K)

EUR/GBP flat as ECB monitors Euro strength, markets eye GDP data 29 January 2026

The Euro (EUR) holds firm against the British Pound (GBP) on Thursday, stabilising after coming under pressure in the previous session amid rising speculation that the European Central Bank (ECB) could cut interest rates later this year.

Brent: Oil prices rise amid geopolitical tensions – BNY 29 January 2026

Brent crude has surpassed $70 per barrel for the first time since September, driven by rising tensions with Iran and broader geopolitical risks.

EUR/USD wavers in range ahead of US employment, factory data 29 January 2026

The EUR/USD is trading at 1.1965 at the time of writing, down from session highs in the area of 1.200 ahead of the European session opening, but above Tuesday's lows near 1.1900.

South Africa SARB Interest Rate Decision remains unchanged at 6.75% 29 January 2026

South Africa SARB Interest Rate Decision remains unchanged at 6.75%

Russia Central Bank Reserves $: $786.9B vs $769.1B 29 January 2026

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USD: FOMC holds but Dollar fails to strengthen – MUFG 29 January 2026

The US Dollar has not been able to strengthen further following the FOMC meeting, where the fed funds rate was kept unchanged. The meeting highlighted a change in the labor market description, indicating signs of stabilization.

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US Dollar Reversal Persists, Technical Picture Looking Worrying

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