The charts are not showing an end of the trend on the daily or weekly but all U.S. dollar pairs did form an end of the trend on the 2-4 hour today and it makes a nice picture for a trade and for the next coming trade. https://www.fxstreet.com/analysis/the-us-dollar-is-making-a-comeback-201801161553
If the Bank of Canada does follow through with the forecast to raise the interest rate it could later cause Gold prices to drop according to Iliya Spivak Sr. Currency Strategist for Daily FX. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2018/01/17/Gold-Prices-May-Fall-if-BOC-Signals-More-Rate-Hikes-on-the-Horizon.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:commodities
Japanese shares managed to push higher while the EUR broke a 3-year resistance with positive sentiment created by Germany’s recent commitment to provide funds for EU economic recovery. Last week was filled with nice surprises. https://www.reuters.com/article/us-global-markets/asian-shares-hit-record-high-euro-near-three-year-top-idUSKBN1F501C?feedType=RSS&feedName=topNews
From the weekly point of view, the U.S. dollar is doing exactly what it should be doing. But at the end of last week, I had some hope it might turn. Now the picture has changed and it no longer even looks like it might be getting ready to turn. https://www.dailyfx.com/forex/video/daily_news_report/2018/01/16/Dollars-Pain-Continues-Despite-Holiday-Positioning-Hits-Extremes.html?
Listen to this episode and get a glimpse into the life and journey of Andre Boyd, a young trader from New York who quickly rose to the top through diligent perseverance and commitment to study and practice. With a thirst for trading knowledge Andre has accumulated more trading knowledge in the few years of involvement that most traders would … Read More
I always like reading headlines about markets because they say things like Bitcoin jumps or recovers etc. What they don’t seem to see is that right now it is very easy to see on all crypto currencies that the move up is now a correction in a downtrend that will lead to more movement down. Just go to Bitcoin, Ethereum, … Read More