Euro Forecast – All Eyes on ECB: Extension of QE, or just More Wait-and-See? The European economy continues to flail, that much can be widely agreed upon without further debate. Unemployment throughout the bloc remains stubbornly above the 10% threshold, and this week, more evidence contributed to the mounting case that the March ‘bazooka’ of stimulus triggered by the ECB has yet to show any additional signs of promise for the European economy. ...
US Dollar Forecast – Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce? Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’. European Euro Forecast – Euro Traders Look to US Dollar for Next Major Moves ...
The EUR/USD is trading flat this morning despite a series of news events beating expectations. First EUR German Industrial Production numbers printed better than expected at .8% (MoM) (APR). This was then followed by EUR Euro-Zone Household Consumption printing higher at .6%. However, despite these numbers, the EUR/USD is poised to close the day inside of yesterday’s high and low, with the formation of an inside bar. As prices consolidate, ...
US Dollar Forecast – Will Yellen Step in to Stem Dollar’s Tumble as June Hike Vanishes? There are two scenarios for the week ahead: either the market fully acknowledges that the Fed is hamstrung and cannot hike or Chairwoman Janet Yellen spurs a dramatic Dollar rally. European Euro Forecast - Patience the Key for the ECB; but Will the Bazooka Hit its Target? There was a European Central Bank meeting this past Thursday, ...
US Dollar Forecast – Dollar Tumbles Third Straight Week, Is the Long-Term Bull Trend Over? For data, the coming week is light for influence. Another round of Fed speakers will be on deck with the most influence for rate speculation. Euro Forecast - Did Draghi Finally Find a Recipe For Strength? For next week, we adopt a bullish stance on the Euro as positioning remains stretched to the down-side while prices have continued ...
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