Get our ForexTrading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of May 30, 2022.
: Buying currencies with high interest rates and selling currencies with low interest rates.
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of May, I forecasted that the US Dollar Index would rise in value. So far, it has fallen by 0.79% this month to date.Last week, I forecasted that the USD/CHF currency pair would rise in value. Unfortunately, it declined last week by 1.79%.
I make no forecast this week, as there were no unusually strong counter-trend price movements in the Forex market last week., with 33% of all the important currency pairs or crosses moving by more than 1% in value. DirectionalLast week was dominated by relative strength in the New Zealand Dollar, and relative weakness in the US Dollar.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
To End Mass Shootings, We Need to Change the Deeper Structure of Life in the USThe Republican Party amplifies gun culture, revels in violence as a form of political opportunism, strips young people of crucial social provisions, and enables a culture of lies that make it difficult to discern the truth from falsehoods, good from evil.
Read more »
Boebert: ‘When 9/11 Happened, We Didn’t Ban Planes’The Colorado congresswoman, who made resistance to gun control a centerpiece of her 2020 campaign, said “we cannot legislate evil” away.
Read more »
Opinion | It's Simple: If You Don't Support Gun Control, You Support School Massacres'We need an assault weapons ban. We need to close the gun show loophole. We need buyback programs to get the mountains of firearms off the streets and out of the arsenals of a handful of paranoid 'survivalists.''
Read more »
J.P. Morgan: Bitcoin's Recent Price Drop Has Created 'Significant Upside'ICYMI: Bitcoin presents a nearly 28% 'significant upside' based on its fair value BTC $BTC
Read more »
Nikkei 225 Forecast: The Nikkei 225 Testing Major ResistanceWhile the Nikkei StockMarket looks bullish, noticing how we close at the end of the day on Friday could also be used as a potential entry. stockmarkets StocksToBuy Japan
Read more »