FX TECHNICAL OUTLOOK by Keith Raphael
Is the Final Leg of the Forecast Seven-Year Dollar Bull Market behind us?
We continue to forecast the resolution of the disjointed global puzzle and gradually revert to the norm by yearend 2017
Aſter the writing of the 2017 Year Outlook for FX Trader Magazine’s first quarter issue, the U.S. Dollar has made only a brief stab at new highs against the JPY, GBP, and CHF. Our forecast completion of the forecast seven-year rally in the U.S. Dollar with a culminating decline of another eight percent in the EUR/USD throughout the first quarter did not transpire. Te sideways consolidation is neutralizing the bullish Dollar/bearish Euro long-term momentum and therefore we are at a critical juncture in the timing of our long-term forecasting. In addition, the neutral status is accompanied by the classic currency and commodity asset rotation throughout their individual consolidations, further clouding the underlying trends and correlations.
In this article, we will remain focused on the long-term outlook in these assets and refined timing. We continue to believe that the U.S. Dollar is the lead indicator across the board, and the higher than normal volatility of 2016 will continue to subside into the end of 2017.
38 FX TRADER MAGAZINE April - June 2017
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64
