Aspen Trading takes bullish position on the dollar
Dave Floyd, head of foreign exchange research and trading at Aspen Trading, said the company based its three-month forecast almost exclusively on technical analysis, specifically Elliott Wave and Fibonacci analysis.
"We combined this with inter-market analysis of other asset classes that typically correlate with FX, namely equity markets, gold, and particularly interest rates and interest rate spreads," said Floyd.
Aspen predicted growth in the dollar's value as it continues to act as a solid
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