Weekly Forex Outlook: May 21-25
The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
EUR/USD: forecast for Sept. 4-8
The euro made bullish swings on good data from the euro area and the US dollar’s weakness. European inflation gathered pace in August, although the acceleration was mainly because of higher oils. Disappointing US labor data on Friday pushed the euro higher, but the euro bulls were stopped by a report from Bloomberg, citing unnamed euro zone officials, that the ECB may not be ready to finalize their decision on next year’s QE program until December.
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The US dollar reached new highs since the end of 2017 last week but failed to stay there…
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The US dollar is near 2018 highs versus a basket of currencies…
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Trading plan for May 24
This is Forex trading plan for Thursday, May 24…
Trading plan for May 23
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
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