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Improved U.S.-China trade relations did the dollar good last week. Can this week’s events extend its bullish momentum?

Here are potential catalysts you should know about:

Markit’s PMI reports (Jan 24, 2:45 pm GMT)

Lower-tier releases

  • U.S. house price index (Jan 22, 2:00 pm GMT) could speed up from 0.2% to 0.3% November
  • Existing home sales (Jan 22, 3:00 pm GMT) is expected to improve from 5.35M to 5.42M in December

Technical snapshot

  • Stochastic considers USD as “overbought” against EUR, JPY, GBP, and AUD

  • EUR/USD is bearish across short and long-term SMAs. AUD/USD is not far behind
  • USD/JPY is bullish across short and long-term SMAs
  • GBP/USD is trading above its 200 SMA but below its 50, 20, and 5 SMAs
  • USD/CHF is trading below its 200, 50, and 20 SMA but above its 5 SMA
  • NZD/USD is trading above its long-term SMAs but below its short-term SMAs
  • USD/CAD is trading below its long-term SMAs but above its short-term SMAs

Missed last week’s price action? Read USD’s price recap for January 13 – 17!