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US-DOLLAR

DXY ... WOW!! A major reversal is coming to the dollar It will affect all these pairs - NU/USD EUR/USD GBP/USD USD/JPY AU/USD The economy in the USA is doing great. lowest unemployment numbers in 17 years. Fed is slowly increasing rates. Even if inflation isnt moving up yet, Fed is still raising rates to have some ammunition for the next recession. Keep in mind inflation is a lagging indicator, by the time you start getting it whipping through the economy, its to late. Also, the first thing to show inflation isnt durable goods etc, its Assets. Large Assets in the US are inflating, houses are increasing in value at a strong pace. The market has been bearish on the dollar for a long time dating back to march of 2017, even as far back as November of 2016. Market is bearish, fundamentals are strong. It doesnt add up. So it seems the pressure is building for the dollar to be bullish. Now throw in the technical analysis with a very nice bullish Bat on the WEEKLY chart with an RSI at 33. We are not there yet but we are getting very very close to a turn around in the dollar.
TVC:DXYLong
by dallasgunns777
5
USDCAD - Long-Term SetupIf usdcad weekly candle closes below bollinger bands, i am looking at price to continue down around the 1.275-1.283 range. My "alligator" indicator is showing a full open mouth, with potential of more downside. If you look back on the chart, the last few times the candles close outside of the bollinger bands the market usually continues for a minimum of another 100-200 pips. This small continuation puts us right around the white support/resistance line. Look for a good sign of a reversal at this time, if a pinbar forms i will be looking at opportunities to enter long into UC.
by Jroge107
1
Trump dollar? Trump denies obstruction of justice in FBI probe#The president of the United States Donald Trump denied obstructing justice in the investigation of Moscow’s meddling in the US presidential election in 2016. The wave of speculation was triggered by a tweet, according to which the president “had no idea” about the existence of conversation “tapes” with the former FBI chief James Comey, while a month earlier he threatened Comey with “compromising evidence” in case of information leakage to the press. Confusion in testimonials may mean that Trump tried to silence the official acting with aplomb or that he attempted to conceal the records, which calls into question the president’s non-involvement in the investigation. Important details heightened the uncertainty surrounding the investigation, provoking a sell-off in the dollar and a growth of defensive assets, particularly gold. Inconsistency in Trump’s statements turns the case against him, despite Comey’s denial that Trump was under investigation, which gives the investigators a reason to suspect the president of obstructing justice. Concerns about future details coming into light create an opportunity for long positions on gold, which is especially sensitive to changes in risk sentiment. In addition, the involvement of Trump in the investigation poses risks for the implementation of his plan for fiscal stimulation, which is definitely a bearish signal for the dollar.
by BretCalvin34