what will be with the usd

USD dollar technical analysis

The  USD dollar has made the process of reviewing the level of 95-96
Just as I wrote my earlier review
NFP US jobs report for May massively disappointed markets by coming in at a miserly 38,000 versus the more than 160,000 expected, This was the lowest monthly figure since August 2011 ,it wıll probably impact the US Federal Reserve’s plans to hike interest rates this summer
FedWatch showed investors had reduced the probability of a rate increase in July to 33 percent from nearly 60 percent on Thursday, The probability of two or more hikes also dropped significantly with only a 25 percent chance
The dollar index –DXY fell 1.6 percent to 93.989, its lowest since May 12. That was the biggest one-day percentage drop for the index since 3.2.2016

So what should we expect for the future?
From looking at the charts we can see that the pattern should lead to testing again 91.80-92.30 area  

usd price

Currency pairs like USDJPY may be very vulnerable from this report: the yen-dollar fell 2 percent on Friday to 106.74

Don’t forget the connection between the cot position prices to jpy, now we need to be focusing on the following charts – on the CME  we can see the behavior that occurs in late 2012 till end of 2015 ,  net short position increase while long are decrease, on  dealer side ,if this will continue we could get much more downside there. 

cme option
cot position

from the technical side on the usdjpy price  :If we will look on the usdjpy we can see that he has not success to go up above 111.80 ,if 106.20 will break down again it will be assign for more downside on the usdjpy to 103-104 levels as I mention my last post 


This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice


Leave a comment