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.
USD/JPY: forecast for Oct. 23-27
Elections to the upper house of Japanese parliament will take place on Sunday, Oct. 22. According to the recent forecasts, Prime Minister Shinzo Abe’s ruling coalition is on track to roughly match the two-thirds “super majority” it held in parliament’s lower house before the snap election was called. Abe’s victory looks prices in, so it may give USD/JPY only a small short-term boost.
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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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