Weekly EUR/USD Outlook: 2017, January 22 - January 29 EUR/USD enjoyed the dollar’s weakness but traded with relative caution after Draghi’s press conference. The upcoming week features a mix of PMIs, inflation, and GDP numbers. Here is an outlook for the highlights of this week. Mario Draghi talks: Monday, 11:00. The President of the ECB has another chance to impact the euro in a speech in Torino, Italy, his home ...
Weekly Outlook: 2017, January 22 - January 29 The US dollar was mixed as Donald Trump entered the White House. Apart from Trump’s first week as President, we have some interesting publications: US and UK GDP, durable goods orders from the US and more These are the highlights of this week. Mario Draghi speaks: Sunday, 23:00. ECB President Mario Draghi will speak in Torino.German Ifo Business Climate: Wednesday, 9:00. ...
Force Index Introduction The Force Index is an indicator that uses price and volume to assess the power behind a move or identify possible turning points. Developed by Alexander Elder, the Force Index was introduced in his classic book, Trading for a Living. According to Elder, there are three essential elements to a stock's price movement: direction, extent and volume. The Force Index combines all three as an oscillator that fluctuates in positive and negative territory ...
US Dollar May Fall Further as Trump Inauguration Nears The US Dollar may continue to weaken as disillusioned traders continue to scale back exposure to the so-called “Trump trade” ahead of the nearing Presidential inauguration. Rising U.S. CPI, Hawkish Fed Rhetoric to Tame USD/JPY Pullback The failed run at the December high (118.66) keeps the near-term outlook for USD/JPY tilted to the downside, but the key developments ...
Weekly Outlook: 2017, January 08 - January 15 The US dollar wobbled in the wake of 2017, torn between good and bad news. US Retail sales, consumer sentiment and PPI stand out. These are the highlights for this week. The US monthly employment report showed a lower than expected job growth in December but wages registered a 2.9% annualized gain. The economy added 156,000 positions while expected to increase 175,000. The unemployment ...
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