Tag Archives: US dollar index

Why Is the U.S. Dollar Collapsing In Value All Of A Sudden?

When news first broke from the Federal Reserve that it would slow down the pace of its quantitative easing program, the consensus was that the U.S. dollar would start to rise in value as the Fed would be printing fewer … Continue reading

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The USD And Commodities

There were strong price fluctuations observed on Friday, but the US Dollar Index was almost unchanged by the results of the day. The U.S. economic data proved to be very positive and moderately negative. The unemployment rate fell in April … Continue reading

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Daily Report: EUR/USD, GBP/USD, EUR/JPY And AUD/USD: June 06, 2014

The US Dollar Index traded lower against the majority of its Forex counterparts as investors remained uncertain about the health of the U.S. employment sector. On Thursday, the Department of Labor stated that the number of persons who filed for … Continue reading

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Greenback Broke Higher This Week

Key Events This Week: March 2nd – 6th USD: Personal Consumption Expenditure Mar 2nd, ISM Non-Manufacturing Composite, Fed Beige book Mar 4th, Non-Farm Payrolls, Unemployment rate Mar 6th EUR: Euro-Zone CPI Mar 2nd, ECB Rate Decision Mar 5th, Euro-Zone GDP … Continue reading

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U.S. Dollar Technical Analysis: Correction Downward Hinted

Talking Points: US Dollar Technical Strategy: Support: 11965, 11854, 11737 Resistance:12107, 12221, 12335 The Dow Jones FXCM US dollar Index may correct lower after producing a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 11965, the 23.6% Fibonacci … Continue reading

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US Dollar: 12-Year High In the Crosshairs

Talking Points: US Dollar Technical Strategy: Holding Long Support: 12076, 12052, 12028 Resistance:12105, 12153, 12201 The Dow Jones FXCM US Dollar Index moved upward as expected after completing a Triangle chart formation. A daily close above the 76.4% Fibonacci expansion … Continue reading

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US Dollar: April Bottom Back In Play

Talking Points: US Dollar Technical Strategy: Holding Long Support: 11737, 11688, 11638 Resistance:11799, 11837. 11899 The Dow Jones FXCM US Dollar Index is on pace to test April’s swing bottom anew after a second consecutive day of heavy losses. A … Continue reading

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US Dollar: Monthly High In The Crosshairs

Talking Points: US Dollar Technical Strategy: Holding Long Support: 11959, 11922, 11862 Resistance: 12018, 12067, 12115 The Dow Jones FXCM US Dollar Index is accelerating upward anew, with prices on pace to challenge monthly highs. Near-term resistance is at 12018, … Continue reading

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US Dollar Trying To Expose June Highs

Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11937, 11888, 11829 Resistance: 11985, 12044, 12149 The Dow Jones FXCM US Dollar Index advanced as expected after prices put in a bullish Morning Star candlestick … Continue reading

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Breakout Or Breakdown For Dollar Ahead of Non-Farm Payrolls

The US dollar index is in a precarious place ahead of the highly anticipated non-farms payroll print tomorrow. Technically, the DXY is budding up against descending trend resistance created when the greenback was able to carve out a multi-year high … Continue reading

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