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 ...
How to Code Your Own Algo Trading Robot What an Algorithmic Trading Robot Is and Does At the most basic level, an algorithmic trading robot is a computer code that has the ability to generate and execute buy and sell signals in financial markets. The main components of such a robot include entry rules that signal when to buy or sell, exit rules indicating when to close the current position, and position sizing rules defining ...
US Dollar Forecast – Dollar Gains as Market Chews Rate Expectations with NFPs Ahead This past week’s USDollar rally marked the currency’s best performance since November’s dramatic break to 12-year highs – a move that proved a quick exhaustion. British Pound Forecast – Brexit to Dominate Headlines, GBP Price Action What a difference a week can make: Near market close last Friday, news had just begun to circulate that Mr. David Cameron ...
"Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce." "The bottom line is ...
US Dollar Forecast – Dollar: What Will It Take to Recharge Momentum in the Coming Week? A retreat through Friday left the USDollar with limited gains on the week. Nevertheless, the Greenback will head into the new trading week with tangible gains against the Euro and Pound – two of its most liquid counterparts. British Pound Forecast - Brexit Deal Could Bring a Bid to GBP Dominating the headlines for the foreseeable future ...