Our Forex Buy/Sell Trading Signals have aggressively sold the US dollar against the British Pound, Japanese Yen, and Canadian Dollar on the day’s trade. Such a confluence of US Dollar selling is very much consistent with our recent US Dollar technical outlook and coincides with a very clear repricing of US Dollar interest rate expectations.
In fact, markets have gone from pricing in Fed rate hikes in the coming 12 months to expecting a Fed rate cut through tomorrow’s announcement. Such developments are very much bearish for the US dollar, and we could see further losses through near-term trading.
See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis.
For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.
