-
The Dollar's Underlying Trend Resumes
For the last several weeks, we have been looking for the dollar correction that began around the Fed's rate hike in the middle of December to be completed and for the uptrend to resume. The precise timing of the turn is difficult to get right, but our view is anchored by our macroeconomic assessment and is understanding of the key drivers. Our technical work suggests the dollar indeed has been carving out a bottom, and we expect the uptrend to resume. Our confidence would be raised if we saw confirmation in other markets. For example, the Fed funds futures imply (slightly) less of a chance of a hike in March and June ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 11, 2017 10:18am Feb 11, 2017 10:18am
- ohakaba
- | Joined Aug 2016 | Status: optimistic | 153 Comments
- Comment #2
- Quote
- Feb 11, 2017 1:56pm Feb 11, 2017 1:56pm
- COGSx86
- Joined Dec 2013 | Status: Member | 464 Comments
Learn, a forex trader must, unlearn and relearn he will.
- Comment #3
- Quote
- Feb 11, 2017 7:22pm Feb 11, 2017 7:22pm
- CrazyOz
- | Additional Username | Joined Jul 2015 | 11 Comments
Combat crazy markets with crazy trading