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It's risky to go long on the U.S. Dollar.
Despite the Fed's decision to keep rate unchanged, the response to the US dollar has been poor.

The US Dollar Index continued consolidation above 93 levels through August as risk appetite waned and volatility returned to the markets. The VIX index, a measure of the volatility in US equity markets, peaked at three month highs as both US domestic and geopolitical developments with rogue state North Korea continued to erode risk moods.

Euro-area & German ZEW both well below expectations; Gold holding above key tenkan-sen level of 1284; Further downsides expected in GBPUSD technically.

Markets open this week in similar fashion to Friday's closing; Volatility is expected to be light in the lead up to the Jackson Hole Symposium starting on Thursday; Crude pares some of Friday's gains.

US retail sales stronger than expected, US Dollar continues consolidation; API weekly crude inventories show large drawdowns in supply; Improving UK jobs data & stronger GDP in Euro-area

RBA releases upbeat meeting minutes; UK Inflation data slows, triggers further selloffs in Pound; Crude weakness continues extends through the week

US Dollar bounces back after hitting six-month lows; Traders will look for hawkish cues in the FOMC meeting minutes due out later today; Crude markets will stabilize in lead up to OPEC meeting tomorrow

Sentiment in the United States has severely eroded following the political fallout in Washington. The controversy surrounding the dismissal of the director of the Federal Bureau of Investigation (FBI) James Comey has hit risk moods hard and have cast a long shadow on Mr Trump’s proposed tax cuts. It is yet another hindrance in his presidency, which casts doubt on his ability to push forward his future budget plans.

USD Index sinks to 6 month low; Washington political risks weigh heavy on investor sentiment; EURUSD at six month highs, optimism set to continue

USD Index sinks to 6 month low; Washington political risks weigh heavy on investor sentiment; EURUSD at six month highs, optimism set to continue