Tuesday, November 22, 2016

USD Pullback to Continue





USD Pullback to Continue
by Saktiandi Supaat


FX Research





We continue to see chance of USD index in pullback/ consolidation mode in absence of tier-1 data and that market have already fully priced in a 25bps rate hike move in Dec. Any further USD strength may have to come out of expectations and hopes of Trump’s policies (which brings us to the point that he will officially be sworn in as President on 20th Jan 2017). Potentially for the rest of the week we could see DXY resistance at 101.80 holding well. Technically stochastics is showing signs of ...

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