The dollar has finally left behind the recent dovish shift in the Fed’s tone. It looks like that traders have digested an updated message from the central bank and now shift focus to the incoming economic data from the US. The greenback receives some support from this front. Friday’s US jobs report exceeded expectations strongly, confirming the solid state...
Global investors are awaiting the outcome of the FOMC’s January policy meeting. Stocks and currencies are muted ahead of the important verdict. While nobody expects any changes in the rates, the estimates of the potential rhetoric by the Federal Reserve differ. Against the backdrop of the latest speculations, one of the key issues for markets is the possible...
The greenback that suffered steep losses on Friday and remains mainly on the defensive at the start of a new trading week, will have a critical test in the days to some. The FOMC meeting and the NFP employment report will set the tone for the major currency pairs in the short term. Investor concerns over the US GDP and the global economy in general make the...
The US stock markets shifted to a recovery mode on Wednesday after an aggressive pre-Christmas sell-off. S&P 500 gained by nearly 5%, with most sectors turned green. However, the rebound was more like a dead cat bounce and a sign that the selling was overdone rather than an improvement in investor sentiment. By the way, risk trends looked less robust in Asia on...
The greenback has been losing ground aggressively at the end of the year. The US currency fails to resist the fundamental bearish drivers threatening to derail the already vulnerable upside trend in the USD. These drivers are the widespread rout in the US stock markets, concerns over the economic growth, Trump’s aggressive for-eign policy and political disputes,...
After a short-lived corrective rally on Friday, the greenback is back under the selling pressure at the start of the last trading week on the year. The market liquidity is getting thinner ahead of Christmas holidays, and the trad-ing activity will be rather subdued in the days to come. The buck finishes the month on a weaker note, while the government shutdown...
The forecast for the calendar year is around $ 650. Furthermore, the five-year forecast is around $ 2000. This ensures that from the present level as well, the appreciation which can be attained in this cryptocurrency is significant. The main reason why such an appreciation is possible is owing to the fact that it is actually a completely anonymous cryptocurrency...
Here we can see in one day candles the use an oscillatory indicator, in this case Williams%, reading that indicator we can now when the price of this currency is either in a overbought or oversold state. In orange color we can see the overbought states and in green color we can see oversold states also in pink color is a line that mark the middle point of the...
I think the dollar is causing a choke point of volatility because of the S&P500 drop, the chokepoint swings last around 20 days each, where currently near the end of this downward swing, either its gonna jump upwards or break out below the support Long term trend before the S&P bumb was long and we are currentlow still inside the drop for the short term but I'm...
The US Dollar is trying to stage a widespread recovery on Monday as bears decided to take a breath after an aggressive sell-off over the last week. There are no any fundamental drivers behind the local rebound, which rather has to do with technical factors including the oversold conditions. Thy key events for the greenback this week are the two-day FOMC meeting...
USD is unstoppable this week and especially today. Many strong triggers has been supporting the dollar since the beginning of the week. Yesterday, the head of FOMC Yellen told that “gradual approach to hikes particularly appropriate in light of subdued inflation”. Mrs. Yellen also made a very important hawkish comment: Fed should be wary of moving too...
Back testing RSI top side resistance signals accompanied by: MACD zero crossing MACD trend line break Price action wedge break And that little lick of increased volume on the move We will review this in the future.
you can see results in few hours