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US Dollar Forecast: Dollar Downtrend in the Spotlight Ahead of FOMC Minutes, NFP Dollar weakness continued to flare into the end of Q2, but will a slate of highly-pertinent U.S. drivers finally be able to bring some element of respite to the bearish trend? British Pound Forecast: Resistance at 1.30 to Come Under Further Pressure For the British Pound, last week was dominated by comments from Bank of England Governor Mark Carney. ...
Venice at Sunrise
Finding the direction of current market momentum is an important step for trend traders. Moving averages are a unique tool that help traders to just that on a variety of charts and time frames. A 200 period MVA (simple moving average) is often employed for this task, with traders looking to see if prices are currently above or below the average. If prices are trading above the 200 period MVA, the trend and market momentum may be interpreted as rising. As well if prices are below the average, this ...
US Dollar Forecast: US Dollar Looks Outward for Direction Cues as Fed Outlook Firms An all-but-certain Fed rate path in the near term may see the US Dollar looking outward for direction cues. Ample international event risk offers no shortage of possible drivers. Japanese Yen: BoJ Optimistic but Inflation Still Subdued: Taper Not Yet a Topic of Concern Yen weakness was a pervasive theme across FX markets this week, as the ...
‘The trend is your friend’ We’ve all heard it, and it makes perfectly logical sense; but in practice, this advice is so opaque that it’s practically worthless. Because even if you’re on the ‘right’ side of whatever trend is showing at the moment, the timing and entry into that setup is likely what’s going to determine one’s success or failure on that individual trade. So, it’s not enough to just find the direction of the trend and then ‘hope’ that we’re right; we also have to find ...
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