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The Dying Sun Photo by Arshad Ashraf
US Dollar Forecast – USDollar an Anti-Brexit Haven – For Better or Worse The Dollar usually exacts its influence over the rest of the FX market by virtue of its size. British Pound Forecast - British Pound Braces for Massive Volatility in Two Weeks Ahead This time next week, unless something unexpected takes place, we will finally have the results of the widely-awaited upon Brexit referendum. ...
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, ...
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