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Posts Tagged ‘Outlook’

Daily analysis of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.

Hey everyone, happy holidays!! For this presentation I analyze the Euro USD, Kiwi Dollar and cable. Thin, holiday conditions abound I am taking a very conservative approach to the market. Technical analysis is flimsy at best during holiday periods. Good luck today!! David Pegler

Hey everyone, for this outlook video I cover a number of subjects briefly, most notably my trading strategy for thin holiday conditions. In addition I draw up a conservative trade plan for the Aussie USD. Very simple support and resistance type analysis. Good luck!! David Pegler

Sterling lost further ground this week, primarily against commodity currencies but also against the yen as concerns over the UK’s triple-A status resurfaced and the Pre-Budget Report failed to clearly outline a credible plan how to cut the mediumterm budget deficit. The pound did, however, manage to eke out minor…

View full post on Forex Weekly Reports (ActionForex.com)

The greenback extended its recovery this past week, as a confluence of fundamental factors undermined other currencies and supported the USD. However, we continue to believe the primary driver of USD strength at the moment is ongoing USD short-covering from excessive positioning levels. Sovereign credit concerns out of Europe struck…

View full post on Forex Weekly Reports (ActionForex.com)

Forex Strategy Outlook: US Dollar Likely to Remain Very Volatile
Forex options markets continue to price in substantial currency volatility, but extreme market choppiness makes it very difficult to establish firm strategy biases for the week ahead.

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