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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, ...
US Dollar Forecast – A Late Push for the Dollar from Yellen Puts Bulls on Notice The Dollar spent much of the past week consolidating following a three-week advance, but Yellen’s remarks Friday spurred a rally that put the bulls back on the front foot. We will open the new trading week with the USDollar at a two months high but liquidity curtailed by Monday’s Memorial Day holiday. British Pound Forecast – Sterling Continues to Strengthen With Brexit Vote a Month Away ...
US Dollar Forecast – Fed Provides Dollar Lift, FOMC Speak and SPX May Play Key Roles The Dollar is finding some serious reprieve from a painful three months of selling pressure. British Pound Forecast – BoE Warns of Weakness, Even Without Brexit The British Pound put in a strong week of gains through Thursday, snapping the two-week losing streak that the Sterling put in against the US Dollar after running up to a new nine-month ...
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