Talking Points: US Dollar Sets 4-Year High, Working on 7th Straight Up DayS&P 500 Edging Downward as Sellers Eye September BottomGold Aims to Extend Down Move After Hitting a 9-Month Low US DOLLAR TECHNICAL ANALYSIS – Prices are working on a seventh consecutive advance, extending to a new four-year high. A daily close above the 38.2% Fibonacci expansion at 11130 exposes the 50% level at 11200. Alternatively, a reversal back below the 23.6% Fib at 11043 clears ...
US Dollar Forecast - Dollar Looks to Close Out Best Quarter Since Great Financial Crisis We are only a few days from the close of the US Dollar’s best quarterly performance since the third quarter of 2008 – at the height of the financial crisis. British Pound Forecast - British Pound Goes Back to Basics – Yields Point to GBP Strength The British Pound traded higher versus all G10 counterparts save the US Dollar and Japanese ...
Dollar Bull Run Longest on Record after Fed Updates Rate Outlook As lackluster as the volatility and sentiment reaction was to last week’s FOMC decision, the event sustained the Dollar’s incredible run. Now on a 10-week bullish binge, this is the most enduring greenback run on record. Euro at Potentially Significant Turning Point The Euro tumbled to fresh lows versus the high-flying US Dollar on a week of bad news for Europe and much better developments out of the US. ...
Dollar’s Longest Run in Half a Century Hinges on Fed Decision Dollar momentum looks self-sustaining, and few things seem as if they could curb this move much less reverse it decisively. But, it just so happens that one of the most capable fundamentals cues is dead ahead. Euro Faces Volatility as External Factors Compound Onset of TLTRO The operative question for the Euro going forward is whether this precedes a period of consolidation before a reinvigorated push ...
USD/JPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 rangeOur near-term trend bias remains higher in the rate while above 104.70A close over 106.45 is need to set off the next leg higher in the advanceAn important turn window is eyed mid-monthA close below 104.70 would turn us negative on USD/JPY Like ...
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