Last week’s strong closing candle is coming from a big area with long-term implications. The head-and-shoulders top I’ve been discussing for months had its neckline thoroughly tested after it broke in October. Retests are a common occurrence for these types of patterns before their full bearish potential is realized. In confluence with the neckline is the decisively falling 200-day MA, the underside of the 2011 trendline which was also ...
US Dollar Forecast: US Dollar on Offensive Before Fed Rate Decision. Will it Last? The US Dollar is on the offensive as traders brace for what could be a major hawkish policy pivot at the Federal Reserve. Will Jerome Powell and company deliver? British Pound Forecast: From Famine to Feast - BOE, Hard Data and Brexit Sterling traders will be happy to see a raft of potentially market moving releases and events next week after ...
US Dollar Forecast: Dollar Strength Tempered by Tariff Talk: Powell Hints of Four-Hike Potential The US Dollar wiped-out early week gains after talk of tariffs on Chinese steel and aluminum gripped markets’ attention. This obscured the earlier testimony from new Fed Chair Jerome Powell, when he talked down the ‘Fed Put’ while hinting towards the possibility of four hikes out of the US this year. British Pound Forecast: The Song Remains The Same – Brexit ...
US Dollar Forecast: US Dollar to Focus on External News Flow, Look Past FOMC and NFP The US Dollar is more likely to find a lifeline from external news-flow rather than the upcoming FOMC policy announcement and January’s employment report. British Pound Forecast: Remain Bullish But Don't Chase Trades Too Hard A fair few bullish tailwinds have pushed GBP to multi- month and year highs and the backdrop remains positive. However ...
The trend is undeniably weak since hitting a record high in June, the weakest of major global indices at this time. The euro continuing to press on to two-and-half year highs is certainly not helping the cause for investors. The correlation between the DAX and euro is a strongly negative 87% over the past three months. For traders, the trend higher in the euro, lower in the DAX has provided opportunity in a low-volatile global market environment. It’ll be interesting to see if the strong relationship ...
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