A dovish Federal Reserve and also fresh multi-year highs in the DJIA shaked the US Dollar to brand new lows against the Euro as well as other major counterparts, leaving limited expectations of a sustained USD recovery. Currency professionals show small interest in low-yielding US Dollar opportunities, and indeed Commitment of Traders data confirmed Non-commercial traders at their most short USD since the Euro traded in direction of 1.60 in 2007.
The US Dollar remains to be a speculator's favorite with record-low interest yields and little risk of US Federal Reserve rate hikes in the foreseeable future. A active week for US fiscal event risk and international central bank rate decisions could nonetheless form market forecasts for future yield spreads and drive important moves across key currency pairs.
USD/JPY best forex trading signals: USD/JPY drifted lower but support was found around the previous lows of 81.40. We're now at the crossroads in the USD/JPY with support so close on the downside it seems like being a matter of holding and heading back in direction of the 82.80 levels or instead a crack of 81.30 gives a bearish signal and speculators are aiming to go with the break.
EUR/USD accurate and reliable fx trading signals: Patient investors are profitable traders and the buyers on the dip performed extremely well yesterday as USD negative opinions persisted on the release of worse than anticipated GDP figures. From this level investors are still calling it higher and see any dip backed up by the buyers all the way down to 1.4700 using the initial goal as the psychological level of 1.5000 inside the coming week.
GBP/USD best free fx trading alerts: We drifted lower in the overnight session back towards the 1.6600/10 support and individuals had been rather thrilled to be buyers on the dip. From this point, as long as 1.6600 holds, professionals seem happy to be customers looking for it to initially test the previous highs of 1.6750 and additionally onwards to 1.6900 at some stage next week. A crack of 1.6600 could alter this opinion.
The US Dollar remains to be a speculator's favorite with record-low interest yields and little risk of US Federal Reserve rate hikes in the foreseeable future. A active week for US fiscal event risk and international central bank rate decisions could nonetheless form market forecasts for future yield spreads and drive important moves across key currency pairs.
USD/JPY best forex trading signals: USD/JPY drifted lower but support was found around the previous lows of 81.40. We're now at the crossroads in the USD/JPY with support so close on the downside it seems like being a matter of holding and heading back in direction of the 82.80 levels or instead a crack of 81.30 gives a bearish signal and speculators are aiming to go with the break.
EUR/USD accurate and reliable fx trading signals: Patient investors are profitable traders and the buyers on the dip performed extremely well yesterday as USD negative opinions persisted on the release of worse than anticipated GDP figures. From this level investors are still calling it higher and see any dip backed up by the buyers all the way down to 1.4700 using the initial goal as the psychological level of 1.5000 inside the coming week.
GBP/USD best free fx trading alerts: We drifted lower in the overnight session back towards the 1.6600/10 support and individuals had been rather thrilled to be buyers on the dip. From this point, as long as 1.6600 holds, professionals seem happy to be customers looking for it to initially test the previous highs of 1.6750 and additionally onwards to 1.6900 at some stage next week. A crack of 1.6600 could alter this opinion.
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