FX Week Ahead: ECB & FOMC Minutes, Japanese CPI, Jackson Hole
The news wire will retain a significant influence with the US-China trade war and the Turkish Lira meltdown still in focus.
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News
Futures Suggest the Yen May be the Best Play Against a Strong Dollar
The US Dollar’s August rally is in full force, trading higher versus the Euro, Pound, and most other majors but has failed to gain versus the Japanese Yen.
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GBP/USD: Oversold Cable Begins Bounce From Fibonacci Support
AUD/USD Price Outlook: Aussie Recovery Faces Major Resistance Hurdle
Webinar: EUR/USD Bounce in Focus as USD Struggles at Yearly Highs
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Analyst Picks
Jeremy Wagner, CEWA-M
Head Forex Trading Instructor
Currency Pair:
Move stop loss on remaining EURUSD short
Expertise: Elliott Wave, Technical Analysis
Average Timeframe of Trade: A few weeks
Expertise: Elliott Wave, Technical Analysis
Average Timeframe of Trade: A few weeks
James Stanley
Currency Strategist
Currency Pair:
EUR/USD, AUD/USD, EUR/JPY, GBP/USD
Expertise: price action - macro
Average Timeframe of Trade: few days - few weeks
Expertise: price action - macro
Average Timeframe of Trade: few days - few weeks
Technical Analysis
CoT Update: Large Speculators Net-short Gold First Time in a Long Time
The most recent report was more of the same, showing even more extreme dollar position changes and notably a flip short in gold by large speculators for the first time since 2002.
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