Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=VUk-NR5nWRo VIDEO TRANSCRIPT U.S. Dollar Index Okay, hello everyone and welcome back. My name is Greg Firman and this is the ...
Markets are warming once again to the likelihood of a half-point rate cut by the US Federal Reserve.
The US dollar has plunged during the trading week to test a major trend line that the market is paying close attention to, and of course the crucial ¥140 level underneath can be thought of as a major area of interest as well.
The Australian dollar has gone back and forth during the course of the week, as we continue to see a lot of questions asked about whether or not the risk appetite is going to hold up, or if it is going to continue to dwindle.
In the early hours of Friday, we have seen the US dollar falling yet again against the Japanese yen as it looks like the carry trade unwinding continues to be a major feature of the trading markets around the world.
The Australian dollar continues to go back and forth as we are trying to sort out which way the risk appetite is going. Keep in mind that the Australian dollar is highly levered to commodities and Asia, and as such will be highly levered to risk-taking. On the other side
The dollar hit its weakest level in nearly nine months against the yen, amid revived speculation over a bigger U.S. interest-rate cut next week. The Wall Street Journal reported Thursday that the Federal Reserve was still considering whether to cut its benchmark rate by a standard 0.25 percentage point, or 0.5 percentage point on Wednesday. Traders sold the dollar upon learning that the option of a larger cut was still on the table, said Katsutoshi Inadome, a strategist at SuMi Trust.
-- Asian currencies firmed on Friday, while the dollar retreated as markets bet that the Federal Reserve will kick off an easing cycle from next week, with focus...
In the early hours of Thursday, it appears that the US dollar is trying to do everything he can to stabilize against the Japanese yen at the crucial 142 yen region.
The Aussie dollar continues to chop back and forth as we are trying to determine what’s going on in Asia, the commodity markets, risk appetite, and perhaps even geopolitics. Keep in mind that the Australian dollar is considered to be a “risk on currency”, while the US dollar is considered