Live News in FX for Weekly Trading Forecast: Dollar Reversal
Weekly Trading Forecast: Dollar Reversal
Weekly Trading Forecast: Dollar Reversal by Daily FX Signals services. The USD Trade has continued for another week as the Federal Reserve laid the groundwork to begin Quant Tightening. Employment prints on the docket for next week will likely keep the Greenback on the move.
Euro Forecast: Euro Has Inflation, Q2 Euro-Zone GDP able to slowdown the rally. Upcoming docket of economic data may offer reason for traders to pause with their bullish trades.
British Pound Forecast: Trending Up Vs USD, Sideways vs EUR with FxPremiere Group update
Bank of England’s monetary policy committee, where all UK monetary settings will likely be left unchanged. Aussie Dollar Forecast: Hawkish RBA to Fuel Change in AUD/USD Behavior.
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Gold prices posted the weekly rally since May 2017 with the advance now eyeing slope resistance. Here are the updated targets & invalidation levels that matter next week.
Crude Oil Forecast: WTI And Brent Crude Oil Pivots on OPEC Actions to Best Week of 2017
Crude Oil had everything going in its favor this week, thanks to OPEC, a weak USD, and a larger than anticipated supply draw to rise nearly 7% on the week.
Euro Has to Get by July Inflation
It appears that the factors underlying general Euro strength the last months are also underlying the sustained jump in risk appetite: political risk has dissipated quickly from EU; the ECB is looking like it’s getting closer to announcing the next stage of tapering of its QE programme; and the debt crisis doesn’t look like it’s going to reemerge anytime soon.
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Fed’s statement yesterday, the U.S. Dollar slid down to set fresh one-year lows, coming very close to the prior swing-low at 93.02. EUR/USD ripped-higher with aggression, as the pair broke above the swing from ‘China’s Black Monday’, set on August 24th of 2015, to set a fresh 2.5 year high. And this appears to be a fairly clear example of markets discounting the Fed’s hawkish outlook towards rate policy as the very uncertain process of Quantitative Tightening looks ready to begin very, very soon.
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Forex Signals Learning by FxPremiere helping Global Forex traders since 2010.U.S. Dollar rises as U.S. data backs December rate hike views. FxPremiere Group live fx signals services
Euro Drops due to Euro Zone