Reflecting a sharp decline in expectations, the Conference Board released a report on Tuesday showing a much bigger than expected drop in U.S. consumer confidence in the month of January. Lynn Franco, Senior Director of Economic Indicators at the Conference Board, noted expectations saw a significant drop due to financial market volatility and the government shutdown. more...
Japanese Yen Forecast - Yen Price May Rise, Look Past BoJ, Eye Vulnerable Stock Markets A lull in key event risk exposed stocks to bigger adverse fundamental themes as the Japanese Yen rose. It may keep going, looking past the BoJ as the S&P 500 still remains vulnerable. Australian Dollar Forecast - Australian Dollar Might Get Some Respite If Inflation Holds Up The Australian Dollar remains very short of fundamental support ...
The US Dollar is seeing its sharpest pullback after touching technical resistance mid-month at 97. The Dollar Index has pulled back by 2.4% despite hawkish talk from Fed members. The key question on the charts will be as to whether the next move higher in US Dollar will result in a lower-high that is followed by the next big breakdown. As a technically-driven FX trader, the most important development for me to watch is what happens on the ...
Institutions are known as smart money, but they often get caught crowded into popular trades that are quick to reverse. One of those is the play of selling the US Dollar. Per Bank of America Merrill Lynch, the short US Dollar trade is the second most crowded trade second to bullish US equities and the most crowded FX trade. The short-term outlook has seen focus turned to the concerns of the US fiscal expansion late into an economic cycle ...
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