2016 - Finally, the return to normalization, I will buy the USD on dips

December 17, 2015

Finally, after almost 10 years, the U.S. economy is strong enough to handle higher interest rates after nearly a decade of financial crisis emergency life support by the Fed.

Key Points:

The Fed raised rates by 25 basis points yesterday;This was followed by a statement that said more rate hikes are on the way;Rate increases will be at a “gradual pace”;The Fed will remain “data Dependent”.
The above key points give me enough support to buy US dollars on weakness, provided the data stream does not fall off a Cliff.

What do USD traders do from here?

The trading strategy, as we move forward the post rate hike, in my opinion, is to keep an eye on the U.S. economic data stream (Economic Calendar) and as long as the data is relatively positive, buy the USD on weakness.

Trade safe friends.

Publication source
HotForex information  HotForex reviews

February 21, 2017
XAU/USD pair maintained a bullish tone
Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing...
February 21, 2017
Oil is heading in the right direction
Despite the assurance about the soft Brexit from the British Prime Minister the in consideration of the bill has been proving opposite, and the suppressing growth attempts of the British currency...
February 21, 2017
Greenback higher, but no incentives for big moves
After a muted trading session on Monday due to the U.S. holiday, the USD is finally showing signs of strength in early Asian trade as investors await economic data, speeches from several Fed Presidents, and minutes of the latest FOMC meeting.

FxPro Rating
FX Giants Rating
FXCM Rating
 FXTM Rating
EXNESS Rating
OANDA Rating

Migesco Rating
99Binary Rating
24option Rating
OptionRally Rating
OptionFair Rating
Binary.com Rating