Post Tagged with: "US dollar index"
Will the Dollar Take a Break?
The US Dollar Index had one of its strongest weeks in a long time. It jumped from under 75 to 77.2 points – the highest level in two months. Where will it go next? Here are the lines to watch out for and an analysis of the next moves. Perhaps it is time for a
US Dollar Index and EUR/USD Technical Analysis
US Dollar Index: Weakens, Sets Up For The 72.69 Level. US Dollar Index: The Index remains bearish following through lower on the back of its Thursday losses during Friday trading session. This development has put the Index on another week of losses and opened the door for additional weakness towards the 72.69 level, its 2011
5 Arguments for the Dollar, and 5 Against It
The roller coaster week ended badly for the US dollar, as the US Dollar Index closed at the lowest levels since December 2009, just under the previous low. Will it bounce back up from here, or is it a fast roll downhill from here? 5 arguments for the dollar, and 5 against it. Background The
Greenback With Its Back Against the Wall
The US dollar index is at the lowest level since the height of the financial crisis in November 2008. The chart below shows that the next support line isn’t too close. While USD/CHF is at all time lows and precious metals are at record highs, the Euro is hesitating in joining this extreme dollar weakness.
Dollar Index: Weekly Spike Reversal
After a significant five wave reversal on dollar index from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time
Dollar Index outlook ahead the NFP – Elliott wave Video
US dollar reversed yesterday from 76.86 region, where a five wave decline from the 81.32 highs may have already found the bottom. The most important fact is that prices moved above the upper resistance line of a trading channel, which usually signals for a change in trend. Guest post by Gregor Horvat As such, further
Dollar Index Shooting Up
Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture. After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the
The Case for the USD Having Made its Bottom
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. The Case for the USD Having Made its Bottom by John Forman 1-20-10 For the last year or more the dollar has garnered a considerable amount
Dollar fights back – weekly roundup
The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others.
Dollar retreats despite fears from job market – weekly roundup
The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading. The US Dollar Index retreated