Using PPI to trade forex: Talking points PPI stands for the Producer Price Index, which is an important piece of economic dataPPI data is released during the second week of each month.Forex traders can use PPI as a leading indicator to forecast consumer inflation measured by the Consumer Price Index (CPI). PPI is an important piece of economic data due to its ...
The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today. Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...
"The US Dollar has initially rallied from this news, causing pairs such as the GBP/USD to decline in value. Now that NFP has concluded traders may continue to watch for further declines under today’s S4 pivot point, which resides at a price of 1.4556. In the event of a breakout below this value traders may begin to extrapolate today’s 59-pip range to find initial targets near 1.4497.""If the current bout of US Dollar strength begins to falter, ...
US Dollar Forecast– Dollar’s Six-Month Bull Trend Rides on FOMC The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped this past week for the first time since the mid-October, market-wide slump. British Pound Forecast – British Pound May Finally Mount a Sustained Recovery versus USD The British Pound finished the week modestly higher but continued to trade in a tight range versus the US Dollar. Japanese Yen Forecast – USD/JPY Outlookto Remain Bullish ...
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