Analysis of Forex Trading, Financial Markets, and Economic Policies
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The US Dollar index has reached multi-month highs. It is now hovering around the December 22nd peak after the December rally. This is a key technical point as the index approaches the 200 daily moving average. The 78.80-79.30 zone is likely filled with both large amounts of stop-loss orders and sell orders (from those believing [...]
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The long-awaited U.S. non-farm payrolls data released on Friday was disappointing. While November jobs were revised to a 4,000 gain, December saw an estimated loss of 85,00 jobs (keeping in mind that there is a wide margin of error for this number). In sum, as most economists stated after the release, it appears “we’re not [...]
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