The DAX broke higher during the week, after initially dipping down towards the €12,000 level. By breaking the top of the hammer from the previous week, this is a bullish sign and it looks as if were going to go looking for the €12,500 level above. That is an area that should be resistive, but in the overall look of the market, I believe we will be able to overcome that barrier. The DAX has been in an uptrend for some time, and should continue to be based ...
US Dollar Forecast: US Dollar Resilience May Foreshadow Gains as Data Flow Slows The US Dollar has proven resilient in the face of disappointing news flow. A slowdown in top-tier event risk in the week ahead may unleash a pent-up upswing. British Pound Forecast: Outlook Improves Against Both USD and EUR Near-term prospects for the British Pound have improved significantly in recent days against both the US Dollar and the Euro. ...
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US Dollar Forecast:US Dollar Left Vulnerable as Trump Trade Narrative Unravels The US Dollar remains vulnerable after two weeks of losses as the failure of US healthcare reform puts the “Trump trade” case for steep Fed rate hikes into question. European Euro Forecast: European Political Risks Front-and-Center as ’Green Shoots’ Continue to Show Data out of the Euro-Zone continues to impress, giving the impression that we may finally ...
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