A dovish Federal Reserve and fresh multi-year highs in the DJIA shaked the US Greenback to new lows against the Euro and also other key counterparts, leaving few anticipations of a continued USD recovery. Fx investors present little interest in low-yielding US Dollar positions, and indeed Commitment of Traders data proved Non-commercial traders at their most short USD since the Euro traded in direction of 1.60 in 2007.
The US Dollar remains a speculator's favourite with record-low interest levels and little risk of US Federal Reserve rate increases during the foreseeable future. A hectic week for US economic event risk and international central bank rate decisions might nevertheless shape market predictions for future yield spreads and power major moves throughout critical currency pairs.
USD/JPY best forex trading signals: USD/JPY drifted lower however support had been identified around the earlier lows of 81.40. We're currently at the crossroads in the USD/JPY with support so close on the downside it looks like being a matter of holding and going back towards the 82.80 levels or instead a break of 81.30 offers a bearish signal and speculators are looking to go along with the break.
EUR/USD accurate and reliable fx trading signals: Patient traders are lucrative traders and the buyers on the dip did extremely well yesterday as USD pessimism extended on the release of worse than estimated GDP statistics. At this point investors are still calling it higher and see any dip supported by the purchasers all the way down to 1.4700 with the initial goal as the psychological level of 1.5000 within the approaching week.
GBP/USD best free fx trading alerts: We drifted lower in the overnight session back towards the 1.6600/10 support and speculators had been very prepared to be buyers on the dip. From here, as long as 1.6600 holds, professionals seem content to be buyers searching for it to initially test the last highs of 1.6750 and further onwards to 1.6900 at some phase next week. A bust of 1.6600 could change this sentiment.
The US Dollar remains a speculator's favourite with record-low interest levels and little risk of US Federal Reserve rate increases during the foreseeable future. A hectic week for US economic event risk and international central bank rate decisions might nevertheless shape market predictions for future yield spreads and power major moves throughout critical currency pairs.
USD/JPY best forex trading signals: USD/JPY drifted lower however support had been identified around the earlier lows of 81.40. We're currently at the crossroads in the USD/JPY with support so close on the downside it looks like being a matter of holding and going back towards the 82.80 levels or instead a break of 81.30 offers a bearish signal and speculators are looking to go along with the break.
EUR/USD accurate and reliable fx trading signals: Patient traders are lucrative traders and the buyers on the dip did extremely well yesterday as USD pessimism extended on the release of worse than estimated GDP statistics. At this point investors are still calling it higher and see any dip supported by the purchasers all the way down to 1.4700 with the initial goal as the psychological level of 1.5000 within the approaching week.
GBP/USD best free fx trading alerts: We drifted lower in the overnight session back towards the 1.6600/10 support and speculators had been very prepared to be buyers on the dip. From here, as long as 1.6600 holds, professionals seem content to be buyers searching for it to initially test the last highs of 1.6750 and further onwards to 1.6900 at some phase next week. A bust of 1.6600 could change this sentiment.
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