Fundamentals Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August. Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist. Key Points: Russia’s inflation currently stands at...
Hey tradomaniacs, its getting tricky for the US-DOLLAR as the market is very news-driven since inflation is such a hot topic! Last week and before we have seen very crazy move as soon as economic data got released.. from bad NFPs to high inflation-data to worse retail sales. Technically we see a potential breakout below the trendline of the daily-chart and...
DXY (US-DOLLAR-INDEX) back in trendchannel after a market failed to breakout. If this double-top-attern gets triggered we could see nice momentum for major-pairs!
Further downside retracement before the next rally.
AUDUSD SHORT!!! AU is still looking bearish. I will be waiting for my key areas to get hit on the lower time frames before entering. Lets see what London Price action gives us!!! Follow us for more forecasts!
Currently in GU LONG, running 4%!!!! Had a nice Asian sweep and I will be targeting the imb above. Risk is of the table, still has potential to the downside so management is the key. If this comes down and takes me out for B.E, i will be fine with that. I will move onto the next high probability trade set up. Follow us for more forecasts and trade setups!
EURUSD is starting to look bearish, . I will be waiting for Price action to develop a bit more before I look at executing a high probability trade. Follow us more forecasts and trade setups.
hello traders dxy is now falling. it broke flag and retested support line . target is 89.25
Downtrend is obvious Using fib time to plot the ups and downs
In this video, we look at the U.S Dollar's current strength against the Mexican peso and South African Rand being caused by rising U.S Government 10 Year Bond Yields. The trends remain firmly in play for more dollar weakness, and potentially additional selling opportunities for both currency pairs.
Hey tradomaniacs, after NEWS from Germany and EUROPE EURO has created as nice pump and fres high. Now with the retest of the previous support we see a nice chance to SELL DXY if the dovish monetary policy if the FED will continue. AAs market prices in a stimulus we might see a nice drop here! WATCH OUT FOR VOLATILITY DURING FEDS STATEMENT!
Trade update for a short sell recommendation on the DXY (U.S Dollar Index) The Dollar is structurally weaker across the markets based on the following fundamentals. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) Negative $1trillion current account balance. 3.) $2 Trillion Fiscal stimulus package in...
dxy will fall to 88.80 , because downtrend is started and US dollar is under pressure.
Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY. EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00. A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00. This offers us two trades...
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone. We look at entry price, stop loss strategies using volatility analysis.
We take a closer look at why the U.S Dollar is getting weaken on a fundamental level first, to then understand the NZD/USD upside momentum that has now broken a key technical resistance and offering a buy side opportunity.