USD WILL CONTINUE TAKING THE FALL
We believe the USD technical indicators are all pointing to more fall. We also believe that Impeachment of President Trump will create a ripple effect for the USD further.
TECHNICAL ANALYSIS CHARTS
Recession Gets Priced Out in a Stock Rally for the Record Books
Should American investors, $6 trillion richer after the stock market’s best year in six, take shelter now, convinced a reckoning is at hand and the good times won’t last? As far as earnings, the economy and equities themselves are concerned, the answer is no.
Or at least, not necessarily. Past performance isn’t always indicative of future results. But if you’re looking at the size of this year’s gains and deciding they somehow doom 2020 to being a disaster, history suggests a more nuanced approach is called for. THE FEAR IS STILL THERE
- We expect very low volume this week as new year approaches
- USD will continue taking the beatings
- Major Pairs are all matured for a pullback
- USDJPY will be an interesting pair to watch for this week
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