Greenback Rally The Greenback keeps gaining in the wake of rising U.S. stocks and a strengthening US Dollar Index. Last Friday’s US Census Bureau reports showed a better than expected rise in retail sales rose…
Posts By Teri Patterson
Central Banks Decisions Uneventful, Forex Reacts
Forex Reacts to Central Banks The past couple of days has seen several central banks coming together, and then deciding not to change a thing. The FOMC left rates unchanged yesterday, as did the Bank…
BEGINNER’S GUIDE: Moving Average (MA) Lines
The Moving Average is one of the most popular indicators in technical analysis as it helps eliminate minor fluctuations and gives traders a clear, smooth depiction of price over a standard period of time and…
Forex Traders – Time To Enjoy The Weekend
Seasonal Dollar Strength Slowdown Before The Long Weekend Historically, the Greenback has rallied during the month of May for 9 out of the past 10 years. This month has not been an exception as a…
BEGINNER’S GUIDE: Gauge the Strength of the Greenback with the USD Index
Gauge the Strength of the Greenback with the USD Index. Smart Forex traders use multiple methods to gauge the strength of the USD. One of the best ways to gauge the overall strength of the…
Dollar Hits New Highs After Fed Reveals Possible Fed Rate Hike In June
Dollar Hits New Highs After FOMC Minutes Today we saw the Greenback extend gains against its major counterparts after FOMC revealed they are moving closer to the next interest rate increase, possibly in June or…
Update on the BOE’s “Super Thursday” and Outlook for the Sterling and Greenback
Today’s Bank of England events – when the BoE released its rate decision, meeting minutes, and Quarterly Inflation Report, earned today the title of a “Super Thursday”. In reality, it wasn’t such a “super” day…
The Sterling Anticipates “Super Thursday”
The Sterling has been steadily weakening since peaking at its year high of 1.4769 against the Greenback on May 3rd and previously we did not see the Cable at that level since December 31, 2015.…
Are The US Dollar Bulls Back?
Friday’s Non-Farm Payroll data disappointed with 160,000 jobs created in April, 48,000 less jobs than the expected 202,000. On the other hand, the unemployment rate remained steady at 5%. Although the most recent FOMC release on…
BEGINNER’S GUIDE: Trading A Breakout
The Breakout Trade Sometimes a currency pair gets stuck in a range between an established high price and established low price. Range trading can be difficult because trading opportunities within the range are limited. When…
