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USD continues to trade on back footing as political infighting over raising the US debt ceiling erodes the market’s confidence in the US and the USD. EURUSD pushed up to 1.4536, but with regional equities mixed was unable to trade higher. USDCHF continues to pressure the 0.8000 handle taking quick trips below the psychological level. [...]
Good morning everyone. Yesterday’s market continue to short US Dollar as expected per our forecasts. Today I have the same outlook for the US Dollar – weak. Expect some retracements on the way. USD Read more…
19:55 GMT July 28 The GlobalView.com D.O.G. investor purchasing power index is closing in North America at .4974, +0.14% from its Wednesday close . As for its key subcomponents, the USD forex purchasing power index is .7228, +0.14% . The forex index is value is calculated against the top six trading currencies. Against gold, the [...]
Technical Analysis: Technical analysis is the study of price action and the view that all the availabe information in the marketplace is priced into the market. There are numerous types of technical tools which include trend following indicators, momentum indicators, oscillators and mean reverting indicators. Technical analysis also includes the ability to find support and [...]