The US dollar gains accelerated through Asia session after RBA cut interest rate to 4.5%. Dollar index trades higher impulsively, so from technical perspective turning point is confirmed, especially as Euro fell well below 1.3800 swing zone. In fact, dollar index made 3-waves down from October 4ht, so further gains are definitely in view now against the majors. Well, on this SP vs. Euro chart, that we already discussed yesterday, can see that RISKY assets now moved lower and are catching up those Euro bearish waves, while Dollar is rising, which is confirming the strength of the buck! SP Futures vs. Euro chart Guest post by Gregor Horvat Dollar Index chart We can also see yields trading lower/ bonds higher, particularly ETF called TLT-iShares Barclays 20+ Year Treasury Bond Fund, which reversed from the gap area after three waves of decline! Further strength on this market is also bullish for the buck, and bearish for stocks. TLT chart Bottom line; we favor Long Dollar Positions! For more analysis visit us at www.ew-forecast.com and try our services with limited special offer *2 for 1* (get two months for price of one) Gregor Horvat Gregor Horvat Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power! View All Post By Gregor Horvat Opinions share Read Next British GDP Provides Upside Surprise, GBP/USD Doesn’t Celebrate Yohay Elam 11 years The US dollar gains accelerated through Asia session after RBA cut interest rate to 4.5%. Dollar index trades higher impulsively, so from technical perspective turning point is confirmed, especially as Euro fell well below 1.3800 swing zone. In fact, dollar index made 3-waves down from October 4ht, so further gains are definitely in view now against the majors. Well, on this SP vs. Euro chart, that we already discussed yesterday, can see that RISKY assets now moved lower and are catching up those Euro bearish waves, while Dollar is rising, which is confirming the strength of the buck! SP Futures… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
