This is a pair I'v been looking to short again for awhile now due to the trend and now i'v got some Bearish Divergence to justify entering and the nice extra bonus from the news of the US Trade Deficit Increasing. I think this will stir up more demand for the CAD against alot of other Currencies but more particularly against the AUD. This may also put downwards...
The US dollar continues to demonstrate the resistance. It does not decrease after the Fed cuts, it ignores macroeconomic statistics, it grows amid a political scandal and a possible impeachment of Trump. The US dollar as the main asset-refuge, the growth of the dollar is a consequence of the weakness of other currencies, etc.). But why? Obviously, with time the...
Since 2000, the U.S. trade balance and the U.S. dollar have mostly followed a direct correlation. I am betting on a continuation. A Path Higher for the U.S. Dollar: A Shrinking Trade Deficit drduru.com #DXY #USDX #USDCHF #forex #UUP #usdollarindex #swissfranc