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Forex Trading Forecasts for the Week of February 8, 2016

Forex Trading Forecasts for the Week of February 8, 2016

4 Years ago | February 07, 2016 00:00:00

The question for the week ahead is whether the washiout of long dollar positions has run its course and wheter the currency has bottomed. In this week's video I make the case that all we have seen is a swing within ranges, at least for the EURUSD and USDJPY that have been in place for a year or longer. In any case, this is a week ahead with a light economnic calendar, China markers closed for the lunar new year and the highlight not until Thursday, when Fed Chair Yellen testifies. This suggests a cautious start to a week where the focus should remain on oit => equities with the fx market following the risk on/off bouncing ball. 

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