Sunday February 7, 2016 - 17:32:40 GMT
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Has the Dollar Bottomed?
The question for the week ahead is whether the washout of long dollar positions has run its course and wheter the currency has bottomed. In this week's video I make the case that all we have seen is a swing within ranges, at least for the EURUSD and USDJPY that have been in place for a year or longer. In any case, this is a week ahead with a light economnic calendar, China markers closed for the lunar new year and the highlight not until Thursday, when Fed Chair Yellen testifies. This suggests a cautious start to a week where the focus should remain on oit => equities with the fx market following the risk on/off bouncing ball.
Has the Dollar Bottomed? Forex Trading Outlook for the Week Ahead
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