A dovish Federal Reserve and new multi-year highs in the Dow Jones Industrial Average moved the US Greenback to new lows against the Euro and also other major counterparts, leaving limited hopes of a endured USD recovery. Fx professionals display little interest in low-yielding US Dollar opportunities, and indeed Commitment of Traders data showed Non-commercial traders at their most short USD ever since the Euro traded in the direction of 1.60 in 2007.
The US Dollar remains to be a speculator’s favourite with record-low interest rates and little risk of US Federal Reserve rate hikes in the foreseeable future. A active week for US financial event risk and international central bank rate decisions could yet shape market estimations for upcoming yield spreads and push significant moves throughout key fx pairs.
USD/JPY best forex trading signals: USD/JPY drifted lower but support had been identified around the prior lows of 81.40. We’re currently at the crossroads in the USD/JPY with support so close on the downside it looks like being a matter of holding and going back in the direction of the 82.80 levels or alternatively a crack of 81.30 provides a bearish signal and investors are aiming to go along with the break.
EUR/USD accurate and reliable fx trading signals: Patient investors are productive traders and the purchasers on the dip performed quite well yesterday as USD pessimism persisted on the release of worse than anticipated GDP numbers. At this point investors continue to be calling it higher and see any drop sustained by the buyers all the way down to 1.4700 with the initial goal as the psychological level of 1.5000 within the approaching week.
GBP/USD best free fx trading alerts: We drifted lower in the overnight session back towards the 1.6600/10 support and speculators had been really willing to be buyers on the dip. From here, so long as 1.6600 holds, investors seem willing to be customers in search of it to initially test the last highs of 1.6750 and further onwards to 1.6900 at some point next week. A bust of 1.6600 could adjust this opinion.
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