The week ahead looks to be an interesting one with plenty of speculation over where the USD will move. My view is that there won't be too much of a news story to come from the accusations against Trump. In saying this I will be watching the news coming out and the charts very close.
I have turned to the technical's for my trading decision's and last week placed some orders on the USD to go . I believe the USD has bottomed out for the year and with some decent data coming out last week I'm looking for a stronger dollar. I believe that the FED will increase the interest rate. I believe that the analysts will change their view from between 60%-75% from the news sources I have read, close to the 90% before the news stories before the weekend.
At the end of the day I believe I need to trade solid data and not unconfirmed, speculative news. If the news story turns out to have some substance behind it I will change my trading stances later in the week but for now I believe the dollar is going .
I am looking for a reversal in the DXY and for it to head back to the 100.0 point or beyond.