The Dollar range at some point will break, and once it does the Euro and Sterling will be at the epicenter; DXY levels to watch on the top and bottom-side.
Blogs
US Dollar Biding Time Ahead of Crucial US Retail Sales Data
The US dollar is struggling to move higher and may face further a further obstacle in the shape of the latest release of US consumer spending in April which is expected to hit a record low.
USD/MXN – Dollar vs Peso Price Action, the Good and the Bad
USD/MXN continues to chop sideways giving traders in the near-term difficulty, but there should be good signaling soon.
USD/CNH: Can Price Action Extend Farther to the Upside?
China reported a better than expected rebound in April industrial production, but retail sales remained depressed
EUR/USD Forecast: Continues to Trade Within Range
The Euro fell during the trading session on Thursday, reaching towards the 1.0750 level, an area that I think is rather supportive.
USD/JPY Forecast: Bounces from Major Pivot Against Yen
The US dollar initially fell during the trading session on Thursday but found enough support below the ¥107 level to turn around and show signs of strength.
AUD/USD Forecast: Continue Chopping Back and Forth
The Australian dollar has fallen rather hard during the trading session on Thursday as it reached towards the 50 day EMA.
S&P 500 Forecast: Continue Trading Back and Forth
The S&P 500 has broken down a bit during the trading session initially on Thursday, especially in the Globex session as futures traders bet on further weakness.
NASDAQ 100 Forecast: Bouncing into the Weekend
The NASDAQ 100 has pulled back a bit during the trading session on Thursday but shown an extreme amount of resilience to break above the 9000 handle.
Stanley Druckenmiller's most recent talk with the Economic Club of NY – video
Stanley Druckenmiller, Chairman & CEO, Duquesne Family Office LLC, discusses his view on market strategies – from 1988 to 2000 he was a managing director at Soros Fund Management To set the scene …