Weaponization of the dollar?

At the heart of the sanctions that the U.S. imposes on countries like Russia, Turkey and Iran is the dollar, which comprises the greater portion of central bank reserves. The sanctions imposed on Sergey Deripaska, for instance, effectively block him from the global dollar-based financial system. Of course, the sanctions are not without a reason. […]

When Will Traders Jump Off The Bullish USD Trend?

Heading into this year, there was a convincing case for a dollar rally. After all, the world’s reserve currency had fallen sharply against most of its major rivals in 2017 as the luster of the pro-dollar “Trump Trade” wore off and the realities of governing set in. As a result, speculative futures traders had flipped […]

Whether the dollar rally will continue

It is quite early to say, but there are indications that the dollar rally is likely to go into a consolidation period. Although the JPMorgan Index for EM (Developing Economies) forecasts continue to decline. Not surprisingly, US bond yields and expectations for a rise in the Fed’s interest rate dropped compared to forecasts. It is […]

USD/CAD The short is more likely

FX forecast / USD/CAD – D1 / Our expectations The medium-term trend remains rising, but the weakness that the US Treasury market showed earlier today began to weigh on the US dollar. On the other hand, oil seems to have no intention of weakening, and that supports the Canadian. Technically, the price is in the […]

Will the ascending trend of USD/TRY continue

From technical analysis point of view – YES. We’ve already had a similar setup. December 2016 started a mid-term downward trend that ended around 09.2017. After the breakthrough of the main resistance of the downward movement, the price reached to a new high. We are now seeing a similar situation. 11.2017 the price has entered […]

USD/TRY probable price increase

Forex forecast / USD/TRY / Our expectations The price is moving in upward short-term channel. Correction to levels of diagonal support, EMA 50 and FiBo 38.2, afterward the price pulls back above the zone. Price action signal: Pin bar at levels of EMA 50 and horizontal support. Technical indicator: CCI(50) – going above 0 – […]

USD/TRY: Probably decrease

Fx forecast / USD / TRY / Our expectations: Downward trend and correction to resistance levels Price below diagonal resistance and horizontal resistance 50 / 200MA: 50 under 200 – Bear Trend Fibonacci: Correction to 23.6% Price action: resistance bar pin – negative signal DeM turns from an overpriced market area – a likely downgrade […]

Morgan Stanley: Buys USD/JPY and EUR/USD on dips

  In its strategic portfolio this week, Morgan Stanley FX strategy research becomes a buyer of USD/JPY dips, remains a buyer of EUR/USD setback and cancels its exposure to buy EUR/GBP dips. MS express that via adding a limit order to long USD/JPY at 112.50 (filled earlier on Friday), maintaining its limit order to long […]

Technical indicators shows short-term long on EUR/USD

EUR/USD: major technical indicators Moving Averages: BUY Technical Indicators: STRONG BUY : Buy (6); Sell (2)   Pivot Points: Technical Indicators: Moving Averages: Technical summary: Стефан Д. Ангелов – Head of Stocks trading      

Attention toward USD/JPY, possible break above 112.92

USD/JPY: Our Expectation: Possible break of diagonal resistance. If the currenty daily bar closes above 112.92 is becomes highly possible to see new impulse to the upside. Break up will mean long with SL: 111.71 Alternative scenario: If the currenty bar does not close above 112.92 and closes with long tail, the short will be […]