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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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US Dollar Forecast – Dollar Forges Bullish Reversal but May Struggle to Maintain Lift The Greenback advanced against all of its major counterparts this past week, and the USDollar secured its strongest two-week rally since the May 2015 climb forestalled a bearish reversal. British Pound Forecast - Mixed U.K./U.S. Data to Foster Range-Bound Conditions for GBP/USD Mixed data prints coming out of the U.S. & U.K. may foster range-bound ...
Dow Jones Industrial Average closed up over 200 points on Tuesday. The move higher pressed into a zone of resistance near 17,928. Though we think prices will eventually dip into support zone 2 identified in last week’s report, the wave structure allows for price to bump up to 18,340 and still be considered corrective. In essence, we are looking for a downward corrective structure that eats up more time than price. In the meantime, ...
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