Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround for quite some time now, and the EUR/USD’s sharp initial reversal from $1.50 gave us reason to believe that the Greenback could continue higher.
Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround for quite some time now, and the EUR/USD’s sharp initial reversal from $1.50 gave us reason to believe that the Greenback could continue higher. Yet the opposite has been true, and it has become increasingly difficult to establish a firm short-term trading bias. Suffice it to say, it will be critical to watch price action and sentiment indicators in the week ahead.
Read a how-to guide on understanding our Forex Options Weekly Forecast report.
Discuss outlook for individual currency pairs in our forex forums.
Forex options and futures markets paint a decidedly mixed picture for the US Dollar, as traders are increasingly unsure of short-term direction. We had been calling for a major US Dollar turnaround for quite some time now, and the EUR/USD’s sharp initial reversal from $1.50 gave us reason to believe that the Greenback could continue higher. Yet the opposite has been true, and it has become increasingly difficult to establish a firm short-term trading bias. Suffice it to say, it will be critical to watch price action and sentiment indicators in the week ahead.
Read a how-to guide on understanding our Forex Options Weekly Forecast report.
Discuss outlook for individual currency pairs in our forex forums.
