US Dollar Forecast – FOMC Will Drive the Dollar Even if They Keep Rates Steady Wednesday The Dollar clawed back much of the losses it suffered after the disappointing NFPs this past week. However, the true test for the currency lies ahead in the FOMC rate decision. New Zealand Dollar Forecast – Kiwi Explodes to New High as RBNZ Eyes Property Bubble Coming into this week’s Reserve Bank of New Zealand rate announcement, ...
The AUD/USD is currently trading to new weekly highs, and is poised to close higher for the fourth consecutive session. This initial surge in price higher was predicated on a technical move through .7253, which is represented in the graph below using the 200 day moving. Normally a move above the 200-day MVA suggests the beginnings of a bullish trend. Knowing this, day traders may then elect to move in to smaller time frames and look for signs of the trend continuing. ...
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, ...
Paul McCartney and Mick Jagger sit opposite each other on a train to Bangor. 1967
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, ...
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