• Uncategorized

    EUR/USD Retreat May Accelerate Ahead of Key Confidence Data

    The EUR/USD replacement has just begun. This is a big test for the market since it was driven higher by expectations of a Fed decision. The EUR/USD may be a great stock market trade, but if it breaks through the resistance at $1.2420, then it will be a disaster. Although it broke above the resistance level, it came back down pretty hard before being allowed to breakout. It can easily get caught in a “window period” where it is likely to go lower, and it needs to test the downside as soon as possible. We’re now getting close to the next round of very important announcements and key confidence data.…

  • Uncategorized

    EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report

    EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report Here’s a note from someone who has been investing for a while: EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar-COT Report: Here’s a note from someone who has been investing for a while: I’ve been studying currencies and Forex for a long time. And as I’ve studied more, I’ve noticed that while many are concerned about EUR/USD Shorts at present, I believe that if you look deeper, you’ll find that it is in fact a misnomer, particularly when you consider that the USD index itself has been steadily increasing for over five years now. The…

  • Uncategorized

    Japanese Yen Surges vs New Zealand Dollar After RBNZ, Fed Rate Cuts

    The Japanese Yen is rising against the US dollar and other major currencies after the Bank of Japan cut interest rates to zero. Now it is possible that the US Federal Reserve may raise interest rates soon, meaning that the US dollar will again become stronger against other major currencies. This could result in the Japanese Yen weakening against the US dollar. The Bank of Japan is going to ease up on the central bank’s easing, which will weaken the dollar and ease off on QE. This is creating a potential opportunity for the Japanese Yen to rise against the US dollar. When the Japanese Yen strengthens against the US…

  • Uncategorized

    USD May See Record High Versus Indian Rupee After RBI Seized Yes Bank

    The US Dollar May See Record High Versus Indian Rupee After RBI Seized Yes Bank’s Bond Certificates. Is it only the perception that is inspiring this notion? That is one of the misconceptions among global investors, who have an unshakable belief that the US Dollar will remain strong against the Indian Rupee for as long as they are, on a global scale, pleased with the way things are going. Indeed, this is how it works with currencies, but if you ask me, I am not as convinced about it as some are. Well, considering how well the US Dollar has done, and being quite close to a record, you would…