Fundamental Economic News moves the Forex Market Prices. To know the movement of markets, you must know the correlations of financial markets.
Gold might return to lower levels. What to expect now?
Global Oil prices soared to multi-year highs during the final trading week of Q3 as geopolitical risk sparked concerns over possible supply shocks.
There is a lot going on that could potentially kill the rally in the USD.
Efficient market theory implies that any even inconsiderable information can influence on the price movement. In these respect the following questions arise:
A weakness in the USDX could potentially see gains from the Euro, the AUD and the NZD.
From a technical perspective, the reversal off the 1.1730 level suggests a potential decline to the downside.
The euro currency was seen trading mixed last week as price action gave up the gains after a brief rally to a four week high at 1.1733.
The EURUSD currency pair was seen posting strong gains last week.
The euro currency was seen extending strong declines on Friday.