The S&P 500 and global stock markets may have found a near term peak, but how does that matter when trading the Forex market? Or more specifically, the US Dollar?
If you have been a normal listener to our daily webinars, you know on inauguration day of Donald Trump, we were looking for shorts in the US Dollar for many reasons (a couple listed below) and it was almost a one way trade most of 2017.
Good day traders! Following Christmas and New Year holidays we have seen a new bout of dollar weakness across the board which may not be over yet based on recent price developments.
The Federal Reserve announced on the 20th September that it would begin its multi-trillion Dollar balance sheet reduction as planned, starting October 2017.
Nearly six months ago when we launched ForexAnalytix, our analyst Gregor Horvat highlighted his bullish view on USD index through his Elliott Wave charts.
News headlines were dominated last week by the US presidential elections. Prior to November 8th the markets were anticipating a Clinton win (albeit by a small margin). Bookmakers had HRC anywhere between 70% and 90% to win. Well they were all proved spectacularly wrong as Donald Trump cruised to victory.
The stress buildup ahead of the US Presidential elections has most people on edge. No matter which candidate you support, or candidate you do not support, there is a lot on the line on November 8th. And this is leading to some high anxiety, not only to the average person (American and abroad), but to […]