TheMarketHacker

Forex Fundamental Outlook Week #3 Nov'15

TVC:DXY   US DOLLAR CURRENCY INDEX
This week will be a little busier compared to last week. The potential policy divergence of ECB vs Fed has opened great opportunities for trading the EURUSD             with relatively low risk. While developments(or lack thereof) in Japan could also be a good opportunity for going long on USDJPY             . The GBP remains in a flux, but if the BOE is dovish, then we must be bearish . Since the rest of the currencies are weak, trading the non-USD crosses may not be as profitable and clear cut as simply buying the Dollar against any of them.

Read the full Forex Fundamental Outlook

USD: Bullish
EUR: Bearish
GBP: Bearish
JPY: Bearish
AUD: Weak Neutral
CAD: Weak Neutral
CHF: Weak Neutral
NZD: Weak Neutral