USD strength to be short-lived, RUB to recover

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Don’t buy the USD holiday bounce (by Peter Rosenstreich) The back and forth in FX markets is clear indicative of sentiment chancing, rather than fundamental-driven volatility. Given the conditions we suspect that in the intraday mean reversion strategies will outperform directional breakout strategies. The choppy USD five day rally has been driven by a combination of tentative short term factors. Hawkish comments by Fed’s Bullard (as well as William & Lockhart)

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