Monthly Archives: August 2017

From the Floor: USD rebounds on positive data — #SaxoStrats

By | August 31, 2017

The beleaguered US dollar bounced after an upward revision of US second-quarter GDP growth and solid private-sector jobs creation in August reported on Wednesday. Meanwhile energy commodity markets remain at the mercy of tropical storm Harvey which has caused catastrophic flooding in Texas and shut a quarter of US refining capacity. Powered by WPeMatico

Why I’m selling AUDUSD: Coleman

By | August 31, 2017

Ian Coleman of First4Trading.net explains in a technical analysis of charts why he is trading AUDUSD. In a mild rally Coleman is looking to sell AUDUSD at 0.7930. His stop is 0.7980 and he targets 0.7810 and 0.7735. Powered by WPeMatico

Why I’m looking to sell USDJPY: Coleman

By | August 29, 2017

Ian Coleman of First4Trading.net explains in a technical analysis of charts why he is trading USDJPY. Coleman is aiming to sell USDJPY at 109.50. The stop is at 110.30 and the targets are 107.50 and 106.40. Powered by WPeMatico

EM currencies to appreciate against dollar, says Wells Fargo

By | August 28, 2017

CLICK HERE TO DOWNLOAD THE PDF Emerging markets currencies could strengthen against the dollar over time, as longer-term trend weakness may be on the horizon for the greenback, says Eric Viloria, a senior strategist at Wells Fargo. Viloria believes the dollar has probably entered a multi-year depreciating trend, as the market begins to transition away from… Read More »