The rupee was trading weak by 10 paise at 62.26 against the dollar at 11.25 am local time due to appreciation of the US currency overseas and on the back of gains in dollar index overseas. Increased demand for the dollar from importers also put pressure on the rupee. After opening marginally weak at 62.20 Read More
Author: Dollar Index
DailyFX.com – To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11740, 11653, 11513 Resistance:11876, 11963, 12103 The Dow Jones FXCM US Dollar Index looks to have reversed downward as expected after putting in a bearish Evening Star candlestick Read More
Investing.com – Investing.com – The dollar trimmed earlier losses against the other major currencies on Tuesday, but the greenback remained under pressure as downbeat manufacturing data from the New York area added to concerns over the strength of the U.S. economic recovery. In a report, the Federal Reserve Bank of New York said that Read More
Investing.com – Investing.com – The dollar remained lower against the other major currencies on Tuesday, as the release of downbeat manufacturing data from the New York area added to concerns over the strength of the U.S. economic recovery. In a report, the Federal Reserve Bank of New York said that its general business conditions Read More
Talking Points: US Dollar Eyeing Range Support After Key Trend Break S&P 500 Technical Positioning Hints at Pullback Ahead Crude Oil Hits 2-Month High, Gold in Digestion Mode Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. ** US DOLLAR TECHNICAL ANALYSIS – Prices may have finally started Read More
To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11740, 11653, 11513 Resistance:11842, 11876, 11963 The Dow Jones FXCM US Dollar Index may have finally started to turn lower as expected following the appearance of a bearish Evening Star Read More
What today’s gold investors need to know about tomorrow (Part 5 of 21) (Continued from Part 4) The US dollar and gold Gold mainly trades in US dollars, or USD. As a result, a weaker USD makes gold cheaper for other nations to purchase. It increases demand for gold. Also, when the dollar starts to lose value, investors Read More
Investing.com – Investing.com – The dollar slipped to a one-week low against the other major currencies on Friday, as recent downbeat U.S. data continued to weigh and as trading volumes were expected to remain light with U.S. markets closed for the Presidents’ Day Holiday. Sentiment on the dollar remained vulnerable after data on Friday Read More
DailyFX.com – To receive Ilya’s analysis directly via email, please SIGN UP HERE Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11740, 11653, 11513 Resistance:11829, 11876, 11963 The Dow Jones FXCM US Dollar Index looks to have reversed downward as expected after putting in a bearish Evening Star candlestick Read More
By James Ramage The dollar edged lower against the yen Friday as investors’ views on U.S. consumer spending and economic growth have darkened, pushing back market expectations for higher interest rates by midyear. The U.S. currency fell 0.3% to 118.79 yen in late-afternoon trade, marking its second straight Read More