US Dollar Forecast- Dollar and Market Confidence Ride on FOMC Decision The US Dollar managed to muscle out a modest advance this past week despite favorable winds for investor sentiment (through benchmarks like S&P 500 and volatility indexes) as well as a persistent dovishness in rate forecasts. Japanese Yen Forecast – USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing The fundamental outlook for USD/JPY remains bullish as Federal Open Market Committee (FOMC) ...
Price & Time Analysis: EUR/USD EUR/USD has traded in a sideways to higher range since finding support near 1.2500 at the start of the monthOur near-term trend bias is higher in the euro while over 1.2605The 61.8% retracement of the 2012/2014 advance (polarity) at 1.2785 needs to be overcome to set off a more important correcttive move higherEarly next week is the next minor turn ...
EURUSD and USDCHF divergence (again)GBPUSD weekly RSI top warningUSDJPY pattern becoming clearer EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” -“1.3670/85 is a level that should inspire a reaction (selling). ...
Updated 07-19-2014 at 10:40 AM by TechnoMeter
Monday 6/16 Group G Germany vs. Portugal Group G Ghana vs. US Group F Iran vs. Nigeria Eurozne CPI is forecast to be 0.5% on the year for May, which was the original estimate. The core CPI expected to be 0.7%, also as originally estimated. May’s inflation data gave room for the ECB to act, which would maintain bearish pressure ...
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