USD – Last Week’s Avalanche and What’s Next

Is there anything on the horizon to stop the USD onslaught?

I for one just can’t see it short of an unforeseen disaster. For a brief moment earlier last week the majors actually looked like they were staging a valiant comeback.

As last week unfolded the cracks started to appear and the USD just kept working its way forward. Then came Fridays US NFP Jobs report and that was the “blow of death’”. The amount of jobs added to the US payrolls significantly broke every analysts prediction, within seconds the avalanche began with a surge in the USD across the board as every major and cross to the USD capitulated to the Greenback.

Ahead for the week.

Other than the normal retracement predicated as a result of profit taking, we expect it to be business as usual and as we look for opportunities to keep purchasing USD. When our ForexSignal trading team spots these strong opportunities our worldwide client base will be informed with Forex signals without delay. The recent surge in activity and price action has prompted the ForexSignal trading desk to start identifying a vastly increased amount of trade opportunities and we are anticipating a very active month for trading Forex.

Forex Trend Meters

We do not foresee any change as the week progresses.