Check out this week's Forex Forecast: Trading FOREX
. Before falling, last week saw the Dollar Index reach its highest level in more than a decade.
Global stocks have taken a serious beating due to the persistently high inflation data we are seeing in the US and the consequential hawkish tilts the Federal Reserve is constantly making as their expectations are continuously proven again and again to be somewhat over-optimistic.but there may be continuing opportunities here on the short side if we continue to see strong bearish momentum as markets open on Monday.
The proximate cause of the Pound’s sharp drop was the surprise announcement of a massive program of tax cuts to be financed by government borrowing, and the market reacted very negatively to the news. However, it seems thatAnother interesting factor here is the. This is also suggesting of strong buying, especially in the Pound.but should be prepared for some short-term turbulence as the current strong price movements work themselves out.
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