{"id":89994,"date":"2024-08-27T11:28:30","date_gmt":"2024-08-27T08:28:30","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=89994"},"modified":"2026-02-09T16:04:47","modified_gmt":"2026-02-09T14:04:47","slug":"usd-bears-take-a-break","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/pt\/usd-bears-take-a-break\/","title":{"rendered":"USD bears take a break"},"content":{"rendered":"<p>USD bears seem to take a break, yet the market\u2019s dovish expectations for the Fed seem to be still present and could drive the greenback lower over the coming week. The bank seems to have made a U-turn and now attention is mostly on the US labour market instead of inflation as was the case before. For the time being, we concur with the notion of the bank easing its monetary policy, yet we may see the bank failing to deliver a full 1% of rate cuts until the end of the year which would imply a double rate cut which is currently priced in for the November meeting.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"USD bears seem to be pausing\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/gwvB2bSut48?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Also in the FX market we note the release of Australia\u2019s CPI rates for July during tomorrow\u2019s Asian session. Should the rate accelerate, or even fail to slow down from June\u2019s 3.9% yoy, we may see the market\u2019s expectations for RBA\u2019s hawkishness sharpen, thus supporting AUD. It should be noted that the bank in its last meeting minutes revealed that it was tempted to hike rates, yet refrained to do so preferring to keep the official rate high and steady for a prolonged period. Please note that at the time Aussie traders may be on the lookout for any escalation in the tensions of the US-Sino relationships, as US National Security Advisor Jake Sullivan is currently visiting China.<\/p>\n\n\n\n<p>On a technical level, AUD\/USD edged lower yesterday, stabilizing somewhat between the 0.6715 (S1) support line and the 0.6870 (R1) resistance level. We tend to maintain a bullish outlook for the pair as long as the upward trendline guiding the pair\u2019s price action since the 5<sup>a.<\/sup> of August, remains intact. We also note that the RSI indicator remains close the reading of 70, implying the presence of a bullish predisposition of the market for AUD\/USD. Should the bulls maintain control over the pair, we may see it breaking the 0.6870 (R1 ) resistance line with the next possible target for the bulls being set at the 0.7030 (R2) level. Should the bears take over, we may see AUD\/USD breaking the prementioned upward trendline in a first signal that the upward motion has been interrupted, breaking the 0.6715 (S1) support line and start aiming for the 0.6575 (S2) level.&nbsp;<\/p>\n\n\n\n<p>Oil prices on the other hand have been on the rise since last Thursday, as market worries for the conflict in Israel are intensifying. The possibility of a spill-out of the Israeli-Palestinian conflict seems to be increasing. The issue tends to highlight the market worries for the international oil supply line. The supply side of the international oil market seems to be tightening even further as oilfields in eastern Libya that account for almost all the country&#8217;s production will be closed and production and exports halted, the eastern-based administration said on Monday, after a flare-up in tension over the leadership of the central bank, as per Reuters. Oil traders may be also interested in the release of the API weekly crude oil inventories figure. On the demand side of the oil market we get bearish signals as China is expected to lower its demand.<\/p>\n\n\n\n<p>WTI\u2019s price continued to rise yesterday breaking the 75.50 (S1) resistance line, now turned to support. We expect the upward motion to be maintained, given the steep upward slope of the pair\u2019s price action, yet the rise may have been a bit overstretched and a correction lower may be ripe. For the time being we note that the RSI indicator has reached the reading of 50, implying that the bearish sentiment for the commodity\u2019s price in the market has faded away yet a bullish sentiment has still to be build up. Should the buying interest be maintained we may see WTI\u2019s price breaking the 78.70 (R1) resistance line and start aiming for the 83.90 (R2) resistance base. For a bearish outlook we would require WTI\u2019s price actions to break the 75.50 (S1) support line and aim for the 71.15 (S2) support level. &nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day<\/strong><\/h2>\n\n\n\n<p>Today we get Germany\u2019s detailed GDP Rate for Q2, UK\u2019s CBI distributive trades for August and in the American session, we get from the US the Consumer confidence and Richmond Fed Composite Index, both being for August.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AUD\/USD Daily Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"975\" height=\"452\" src=\"\/wp-content\/uploads\/2024\/08\/image-105.png\" alt=\"USD bears take break impact on AUD\/USD chart\" class=\"wp-image-89995\" title=\"aud-usd-daily-chart\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 0.6715 (S1), 0.6575 (S2), 0.6445 (S3)<\/li>\n\n\n\n<li>Resistance: 0.6870 (R1), 0.7030 (R2), 0.7155 (R3) <strong><\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>WTI Daily Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"975\" height=\"452\" src=\"\/wp-content\/uploads\/2024\/08\/image-106.png\" alt=\"USD bears take break impact on WTI oil chart\" class=\"wp-image-89996\" title=\"wti-daily-chart\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 75.50 (S1), 71.15 (S2), 64.00 (S3)<\/li>\n\n\n\n<li>Resistance: 78.70 (R1), 83.90 (R2), 87.10 (R3) <strong><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"2000\" height=\"493\" src=\"\/wp-content\/uploads\/2024\/08\/image-107.png\" alt=\"\" class=\"wp-image-89997\" title=\"benchmark-27-08-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1058\" height=\"605\" src=\"\/wp-content\/uploads\/2024\/08\/image-108.png\" alt=\"\" class=\"wp-image-89998\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1737\" height=\"1059\" src=\"\/wp-content\/uploads\/2024\/08\/image-109.png\" alt=\"\" class=\"wp-image-89999\" style=\"width:610px;height:372px\" title=\"morning-releases-27-08-2024\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">Se tiver alguma d\u00favida ou coment\u00e1rios sobre este artigo, solicitamos que envie um email diretamente para a nossa equipa de Research atrav\u00e9s do <a href=\"mailto:research_team@ironfx.com\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Isen\u00e7\u00e3o de responsabilidade:<br>Esta informa\u00e7\u00e3o n\u00e3o \u00e9 considerada como aconselhamento ou recomenda\u00e7\u00e3o ao investimento, mas apenas como comunica\u00e7\u00e3o de marketing. O IronFX n\u00e3o \u00e9 respons\u00e1vel por quaisquer dados ou pela informa\u00e7\u00e3o fornecida por terceiros aqui mencionados, ou com links diretos, nesta comunica\u00e7\u00e3o.<\/p>","protected":false},"excerpt":{"rendered":"<p>USD bears seem to take a break, yet the market\u2019s dovish expectations for the Fed seem to be still present<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-89994","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD Bears Take Break Amid Fed Dovish Outlook<\/title>\n<meta name=\"description\" content=\"USD bears take break as markets reassess Fed rate cuts, while traders watch Australia CPI and rising oil prices.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/pt\/wp-json\/wp\/v2\/posts\/89994\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD bears take a break\" \/>\n<meta property=\"og:description\" content=\"USD bears take break as markets reassess Fed rate cuts, while traders watch Australia CPI and rising oil prices.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smartchinaeducation.com\/pt\/usd-bears-take-a-break\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-27T08:28:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-09T14:04:47+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"USD bears take a break\",\"datePublished\":\"2024-08-27T08:28:30+00:00\",\"dateModified\":\"2026-02-09T14:04:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/\"},\"wordCount\":808,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"pt-PT\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/\",\"url\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/\",\"name\":\"USD Bears Take Break Amid Fed Dovish Outlook\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/#website\"},\"datePublished\":\"2024-08-27T08:28:30+00:00\",\"dateModified\":\"2026-02-09T14:04:47+00:00\",\"description\":\"USD bears take break as markets reassess Fed rate cuts, while traders watch Australia CPI and rising oil prices.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/#breadcrumb\"},\"inLanguage\":\"pt-PT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/usd-bears-take-a-break\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD bears take a break\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/#website\",\"url\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/pt\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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