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USD Erases Gains after FED Minutes

Jignesh Опубликовано 18 Нояб. в #Trader's blog #USD #Federal Reserve #Fed #Usdx #Rate Hike #Minutes

The anticipated FED minutes were released today, and has caused a bearish reaction to the USD.
The main take away from the meeting, was as follows

Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these condiitions could well be met by the time of the next meeting.

Essentially, confirming the rate hike. Sounds quite good for the USD
So why the sell off? This is the essence of …

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EURUSD Late Session Break - USD Strength to follow?

Jignesh Опубликовано 17 Нояб. в #Trader's blog #Eurusd #Usdx #Us Dollar

The EURUSD Broke to new lows late in the in the London session (around 4:30PM GMT). Is this a sign of the return of USD strength after a week of essentially sideways movement?
The problem with the USD at this point it that it's no doubt almost everyone is bullish, but it would be easier to buy on a dip, rather than continuing to chase the currency higher.
We have started to see momentum slow already. USDCAD is a great example, as the pair starts to move more sideways (while still making highs) b…

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After the Fed - What's Next?

Jignesh Обновлено 1 Нояб. в #Trader's blog #Yellen #Federal Reserve #Eurusd #Gbpusd #Usdx #Usdollar

Last week's Fed statement left the market with appetite to buy the USD. Specifically it is this part of the statement that led a strong conviction to the markets that they have not closed doors to a Dec Rate hike .

In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation

What stood out from the statement was the specific referenc…

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Strong CPI Data - USD Strength or time to Fade?

Jignesh Опубликовано 22 Май в #Trader's blog #USD #Federal Reserve #Fundamentals #Inflation #Fundamental Analysis #Usdx #Janet Yellen

Month over Month Core CPI came in at 0.3% versus a forecast of 0.2%. And has caused a boost for the USD in early New York Trading. CPI is an important event from the Inflation data set, as current inflation levels are too low, an issue central bankers are facing globally.
So can this spur new buying into the USD? Is the downtrend finally over and time to start buying again?
Perhaps not the case. Previously this week we saw some mixed reaction off the release of the FOMC minutes. Headlines were s…

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US Dollar Remains Bearish - Long term down trend

Jignesh Опубликовано 17 Май в #Trader's blog #Trend #Usdx #Us Dollar

Every time the US Dollar gets a bit of a lift, many trader's become extremely bullish the US Dollar calling a long term change in trend. I distinctly recall last year in May. The dollar made a marginal new high (monthly chart), and traders were piling on USD Longs.
The long term players are not going to be getting on this bandwagon. In fact, long term players are still looking at short the currency and will continue to do so.
There are two ways to look at this. Fundamentally & Technically.
…

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Блог Jignesh

USD Erases Gains after FED Minutes

EURUSD Late Session Break - USD Strength to follow?

After the Fed - What's Next?

Strong CPI Data - USD Strength or time to Fade?

US Dollar Remains Bearish - Long term down trend