US Dollar Forecast – Dollar’s Next Move Falls to Speculators Rather Than Data The Dollar started off this past week at an 11-month low and ended it with the best run since the early November climb that drove the Dow Jones FXCM Dollar Index (ticker = USDollar) to 12-year highs. Japanese Yen Forecast - Japanese Yen Could Trade Higher If and When this Occurs The Japanese Yen gave back some of its recent gains versus the US Dollar ...
US Dollar Forecast - Fed Finally Hikes Rates. Now What for the US Dollar? The Fed finally did it! Its interest rates are above zero for the first time in six years. But why did the Dollar not rally, and what might we watch for next? Euro Forecast - Euro’s Economic Calendar Thins Out Through End of Year With only a handful of events on the economic calendar over the next two weeks, it seems that the low liquidity environment ...
How I Trade Breakouts
EUR/USD: No change. We are bearish and prefer to fade upticks against resistance in the 1.1300 area. A move below 1.1135 would signal lower towards our targets near the 1.1050 area and then the 1.0815 May lows. Our greater downside targets are at the 1.0460 year-to-date lows. GBP/USD: Thursday’s bullish engulfing candle has encouraged us to re-instate our bullish view. We are looking for a move back towards the 1.5930 range highs. ...
Australia posted a merchandise trade deficit of A$3.888 billion in April, the Australian Bureau of Statistics said on Thursday - or down 216 percent from the previous month. AUDUSD M5: 63 pips price movement by AUD - Trade Balance news event : More...
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