ForexBriefcase

ForexBriefcase

The US Dollar Index last week are unable to stay above 12260 levels even though there was an increase of consumer prices and retail sales numbers. Ultimately, the Fed policy direction until December are still clear and recent stocks are under pressure for investors to look back into US dollars. The long-term still remains as unchanged constructive for bull, till...

ForexBriefcase

EUR/USD has fallen to a fresh yearly low at the start of the week. The Italy saga has intensified again this week as neither side seems to be willing to come to each other's terms, weakening the sentiment for the EUR. Talks on Brexit are still in development, however at this point of time having no clear conclusion or direction, this uncertainty weighs further on...

ForexBriefcase

The US Dollar Index for last week has break down below 12200 levels and came back up again during the season of US Midterm Elections and Federal Reserve’s monetary policy announcement. To no one’s surprise, further gradual increases of interest rates is to be seen in December. The long-term still remains as unchanged constructive for bull, till price stay below...

ForexBriefcase

The results of the Mid Term Elections has caused the US Dollar some weakening, sending EUR/USD towards the 1.1500 level. It has since bounced off that level and now trading at around 1.1420. So far no new developments on Brexit and on the Italy situation, while the results of the Mid Term Elections could have a longer term effect of on the USD, sending this pair...

ForexBriefcase

The downside to this pair still remains at risk as there seems to be no improvement over Italy's budget crisis. This coupled with the Brexit negotiations still cast a shadow of uncertainty over the Euro - We will be looking for further developments can be reached this week. On the other hand, last week's NFP report was solid, hence causing the EUR/USD to slide a...

ForexBriefcase

The US Dollar Index unable to reach its mark at 12330 levels before strong bear kicks in breaking down strongly through 12260 and found some support at 12200. The long-term still remains as unchanged constructive for bull, till price break below 12200 to 12100 levels going forward. Looking into medium-term still remains unchanged, where the US Dollar Index could...

ForexBriefcase

As per our previous ideas, EURUSD pair has managed to reach the strong support level of 1.1300. At this point we are seeing quite a strong bounce off this level which could go towards the 1.1440 level. Some progress has been made on the Brexit front, with a deal being agreed on the financial services between UK and Europe, this could slow down the decline of this...

ForexBriefcase

Political concern in Germany and Italy still shrouds EUR/USD, as Merkel has announced her stepping down in 2021. The pair's several attempts has since failed to break above the 1.1430 level and we maintain our stance on EUR/USD weakness, looking for price to test the 1.1300 level. Apart from developments in the Eurozone, we will also pay attention to this...

ForexBriefcase

The US Dollar Index moving back into previous uptrend channel breaking up above 12260 level and has pull back to retest it again. The long-term still remains as unchanged constructive for bull, till price break below 12200 to 12100 levels going forward. Looking into medium-term channel, the US Dollar Index could continue its way towards 12330 levels progresses....

ForexBriefcase Updated 

Draghi is expected to confirm its firm path of monetary policy normalization by confirming this December as the end of its asset purchasing program. However, recent Eurozone data has continued to disappoint and underlying inflation have not been picking up. Meanwhile the Italian budget crisis continues to add uncertainty over the overall outlook. We will be...

ForexBriefcase

As uncertainty over Brexit continues coupled with Italy's debt situation, we look for continued pressure for the Euro as it stays below 1.1500. We look to short the Euro towards the next psychological barrier at 1.1400.

ForexBriefcase

The US Dollar Index uptrend channel has broken out testing low at 12096 levels and continue up to 12262 levels before pulling back to 12169 levels. The long-term still remains constructive for bull, till price stay below 12096 levels going forward. Looking into the medium-term correction wave, the US Dollar Index could be on its way towards 12096 levels as Wave C...

ForexBriefcase

The outlook of Brexit seems uncertain, and it seems that the negotiations will need more time to reach a conclusion. Meanwhile, the FOMC Minutes may suggest U.S. dollar strength as the central bank appears to be on course to normalize monetary policy, ‘the Committee expects that further gradual increases in the target range for the federal funds rate will be...