During the past weeks, the Federal Reserve has confirmed that employment must improve before changing current monetary policy. Under these conditions, the US dollar should depreciate further and the EUR/USD could challenge 1.38 over the short term.
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Sunday, 24 November 2013
Friday, 25 October 2013
Expectations are mounting over the Fed reducing its Treasury program in December, which could cause the US dollar index to appreciate to 81.60 in the short term. Nonetheless, the Fed should keep its monetary policies unchanged until 2014. As a result, any potential dollar appreciation would be short-lived.
Friday, 4 October 2013
The standoff between Republicans and Democrats over “Obamacare” is currently unfolding. However, the real test will occur on October 17, when a decision on whether to raise the debt ceiling will need to be made. In the meantime, U.S. stocks are “oversold” at current levels and could rebound to 1700/1720 in the short term.
Sunday, 15 September 2013
Five years since the deterioration of the financial crisis, the Federal Reserve is close to modifying its policy. Will it do so in September or in December?
Monday, 2 September 2013
There is a divergence between the daily price and the RSI indicator. Accordingly to the Commitment of Traders report, most futures funds are long this market. A move below 99.80 could target 99.20 provide the price does not rise above 102.
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Sunday, 11 August 2013
Historically, September is the worst month for stocks and the S&P 500 Index could correct to 1660/1640. For now, however, the longer term prospective stays positive in the US.
Friday, 2 August 2013
There is a divergence between the price and the RSI indicator on the weekly and daily chart. The US dollar tends to be weak in August. Over the short-term, the US dollar index could decline to 80.50 and eventually to 78.00
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