FOMC dot plot shows no hikes in 2019. One hike in 2020 >> USD down, save heaven asset up Sell USD/JPY My target = 109.6x
IF PATTERN FAIL: TARGET = 1283 IF PATTERN TRUE: TARGET = 1242
I mean this pair will down as a correction wave. 110.5x seem like potential level
The dollar was broadly lower on Thursday as demand for safe-haven currencies declined after a rebound in global equities and the euro strengthened on hopes for a resolution of Italy’s budget dispute. Analysts believe the medium-term direction of the dollar will be decided by the monetary tightening path of the Federal Reserve. The Fed is expected to impose its...
The pair has been under pressure from the bears and the waning of the dollar strength has had little impact The GBPUSD bulls seem to have lost momentum over the last week and it appears as though they are likely to have a tough time in the weeks ahead. It was a volatile weak with the dollar strength waxing and waning during the course of the week and though many...
The US dollar has fallen significantly during the day on Friday, continuing the down move that we had started on Thursday after Donald Trump announced a tariff on both steel and aluminum. This has put a lot of fear into the market, which of course has people running towards the Japanese yen. I suspect that most of the reaction in this market will be due to noise...
Oil downside The comeback by the dollar could negatively impact crude oil prices and in turn cool inflation expectations. In that case, the equity markets could be forced to undergo significant adjustments