The Makings of the U.S. Dollar Surge, and How Long Might This Continue?
The Makings of the Dollar Surge, and How Long This Might Continue
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This is a recording of an interview between Strategist James Stanley and Mr. Jeremy Naylor, Presenter for IGTV. The interview took place on Tuesday, November 29th and the primary point of discussion was the long-term trend in the U.S. Dollar. At issue is sustainability of this recent breakout as the Greenback has surged to multi-year highs, and whether or not this theme may have the motivation to continue as we move into 2017.
For more information behind the recent move in the U.S. Dollar, you’re more than welcome to read our article on the topic entitled, Strong U.S. Data, Yellen Comments Cement December: What’s Next?
During the interview, setups were discussed in USD/JPY and USD/CAD as ways to play longer-term themes of strength in the U.S. Dollar. For more information behind the setup in USD/JPY, please check out our article entitled, JPY: How to Work with the Trend That Barely Bends; and for USD/CAD, we discussed this setup in yesterday’s webinar entitled, Trading the USD Pullback.
--- Written by James Stanley, Analyst for DailyFX.com
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