This week’s Forex Trading Outlook
This week’s Forex Trading OutlookThis should be a VERY interesting week ahead as the markets come to terms with the dollar-favorable NFP jobs report last Friday, and the conflicting hint from Atlanta Fed president Dennis Lockhart that the economy can support only gradual rises in interest rates hikes moving forward.
This places a damper on expectation of increasing rates starting as soon as next month. Instead it seems most likely rates will only start to increase toward the end of the year.
The stock market certainly welcomed the news on Monday August 10th and the stock market Indices headed upward like a rocket.
Forex Trading Outlook: Trading Opportunities Are Unfolding
The ForexSignal trading desk strongly favors the strong US dollar bias and will be looking to buy dollars on pullback and dips. There is not much to shout about in terms of upcoming announcements except for Thursday’s trifecta at 8:30 est for the USD with Core Retail Sales, Retail Sales and Unemployment claims.
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