Want to Be Aware of the Effect of 'CB Consumer Confidence' news for USD.
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There's another haha. Damn look at this, there was yet another wave down to come from the previous move. ed in 88.6% Here! I want this to encounter profits shortly so I take a breather could cover and go take care of my enterprise.
USD index remained firm following the current improvements and greater yields and is in close proximity to the 91.00 degree. The potency in the greenback found its counterparts languish by which EUR/USD temporarily slipped under 1.2200.
Choice expiries of notice for today's 15:00 BST:
EUR/USD: 1.2200 (1.1 BLN), 1.2235 (0.329 BLN), 1.2250 (0.481 BLN) and1.2345-55 (3.3BLN).
Notice - another3.3BLN @ 1.2200 attack expires on Thursday, only after the ECB policy meeting.
Closed among the shorts at goal 1.2200 and widen the goal for my final brief from 1.2115 into 1.2040, near the 200-day moving average.
Prepare for a highly effective dollar rally!
The rise of the return of U.S. bonds may provoke the increase of the dollar
Profitability
Dollar bulls, finally find support in the increase in U.S. interest rates as the return of Treasury bonds rises to the maximum level since 2014. The dollar has established a three-month high now, with yields on 10-year debt as most have confessed, rising to 3 percent, a benchmark. Some observers think that the door opens to levels that are higher.
Two markets -- Currency Market (foreign exchange) and debt -- are ultimately moving more synchronously again. Last year, a reshuffle was, which put experts. The correlation between the dollar index and the return of bonds has become positive. This was the first time because 2016. That is, sooner, in recent months, it had been in negative territory. This shift was welcome news for investors that are rebounding the dollar.
Eurizon SLJ Capital's chief Executive officer, Stephen Jan, expects the dollar to recuperate against currencies such as the Euro this quarter, given that it no longer believes the dollar to become overvalued and sees the US market as robust.
Profitability is essential, says Jen, a former economist at the global monetary Fund, the world Bank, and the Federal reserve. -- However, the mere actuality that the return of 10-year bonds is rising doesn't automatically mean that the dollar will even rise. But, I believe that at the moment we have a scenario where the dollar can get good support (from that factor).
Jen expects the dollar to rise to $1.17 this quarter, from approximately $ 1.22 now. The single European currency comes out of the rally with a span of five blocks. Even though the retrieval of the world market has raised the Euro from the us dollar, growth in Europe could slow down, '' says Jen. The Eurozone's composite purchasing managers index remained unchanged suggesting that expansion in the region will continue, albeit at a slower pace.
Positioning
Market positioning indies that traders might not be prepared for such a scenario. Hedge funds and other large speculators hold a list net long position from the Euro, based on data in the US commodity futures Commission.
These investors anticipates a debilitating trade if the dollar will probably recover, says Hugo Lancioni, head of currency trading at Neuberger Berman Group LLC. He expects the dollar to rebound this quarter to 2-3 percent.
I do not believe this is something unusual, however this is what investors are now likely not prepared -- stated Lancioni, that is involved in the management of resources at the amount of 299 billion dollars. I really feel like a lot of people jumped on this train a little late.
Lencioni clarifies the potential rise of the dollar as a result of higher yields in the U.S., which will bring in new capital to the country. Like Jen, Lancsoni anticipates the strength of the dollar to find a brighter expression relative to the Euro, together with the gap in yields between short-term rates in the US and Germany favouring the dollar.
Policy
Jen's certainty that the dollar will rise above all to the Euro is backed by a overseas exchange nuance. China and other nations likely do not want to permit their currencies to depreciate, given the renewed focus of the trump adminiion to currency manipulation, the expert explained.
We've got this additional political factor, he said. That is currently pushing the economy but if you consider interest rates in the US and the slowdown in Europe, it makes the Euro/dollar exchange rate change understandable.
I agree to what is being mentioned within fundamental analysis. But the majority of the technical indiors point to EURUSD in buy zone. It's expected to rise although not above 1.2350 level this month. I may be wrong, as Foreign Exchange market is quite unpredictable. It could be a large move if the net positions change in wake of any shift in fundamental analysis. History has it, if the fundamentals don't match the technical, We've whipsaw moves which I call 'forex-quake'Originally Posted by ;
Can you please post some eurusd chart with these indiors that forecast what you are saying?Originally Posted by ;
What indiors predict that?
Thanks. Regards.
Jos
just check usdx , can fix 90.26 to 89.78 before further try up thus eu may breaks limit up for 1.2334 before farther down . Take care ,
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So We're Rebounding out of the bottom of the range around 1.218x Ray and Trying to Examine the 4H MAOriginally Posted by ;
E/U price is analyzing quarter close lvl @ 1:21915 it's very good chance to take trade (short or longAbove this lvl = Extended but confirmation will be a raise above now daily open lvl.