The dollar index has broken out of a corrective down trend in what looks like to be an impulse. I believe that we will continue to see USD strength across the board through out the week until the NFP which would be very critical in deciding the general market direction afterwards. Ideally a positive or greater than expected NFP reading will continue to give strength to the USD and weaker reading will see all gains erased as the market is currently positioning for a potential rate hike soon. All forex pairs, indices and commodities will be affected.
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Kommentare
ztokar
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1200 looks like a strong level here, would expect bears to put up some resistance, especially since 1200 lead to a lower low
alfazenForecast
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my forecasts say the opposite: USD weakening towards CAD, JPY, MXN, NOK and SEK in all date ranges. The fx-forecasts are in beta though and still underperforming so it will still be interesting to see the outcome!