Trading the News: U.S. Durable Goods Orders A 3.0% contraction in orders for U.S. Durable Goods may hamper the near-term advance in the greenback and spur a rebound in EUR/USD should the data print undermine Fed expectations for a ‘consumer-led’ recovery in 2016. What’s Expected: Why Is This Event Important: A slowdown in private-sector consumption, one of the leading drivers of growth and inflation, ...
US Dollar Forecast – Dollar Tumbles Third Straight Week, Is the Long-Term Bull Trend Over? For data, the coming week is light for influence. Another round of Fed speakers will be on deck with the most influence for rate speculation. Euro Forecast - Did Draghi Finally Find a Recipe For Strength? For next week, we adopt a bullish stance on the Euro as positioning remains stretched to the down-side while prices have continued ...
Trading the News: Federal Open Market Committee (FOMC) Federal Funds Rate Decision Even though the Federal Open Market Committee (FOMC) is widely expected to retain its current policy in March, the updated forecasts for growth, inflation and the interest rate may instill a bullish outlook for the U.S. dollar should the central bank stay on course to implement higher borrowing-costs in 2016. What’s Expected: ...
The euro shouldn’t be kicking around U.S. companies’ earnings any more. It caught fire on Thursday, jumping 1.8% against the dollar after the European Central Bank announced a fresh round of stimulus measures while playing down the potential for more rate cuts. That caught traders who had forecast a widening divergence between ECB and Federal Reserve policies off guard, making for a violent swing. ...
Daily price is on primary bullish market condition located above Ichimoku cloud: the price is testing 1.1217 resistance level for the bullish erversal to be continuing with 1.1376 level as the next bullish target. Chinkou Span line is above the price indicating the ranging bullish by direction, and Trend Strength indicator and Absolute Strange indicator are evaluating the primary bullish trend to be continuing. If D1 price ...
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