The Dollar in the first week of 2016 - weekly trading analysis by

The first business week of a New Year is very important for the trend in the year. It is a key trading week that could change the current trend. In the last trading day for 2015 the dollar shows his power and may continue take advantage against the euro and other major currencies. The dollar is supported by the expecting key fundamental events this week. It is expecting positive news for ISM Index and ISM Services. The key U.S. Non-farm payroll report is expecting at the same levels like the last month at about 200K, while the Unemployment rate to stay at 5.0%. The hikes of the U.S. interest rates continue to dominant as the investors prefer the dollar instead the problems in the Euro Zone. Europe may continue suffer by the refugees that will cause new financial problems and new spending for safety. trading strategy is to invest in dollars this week and at the first months of the year.

« More News