Author: Dollar Index

(Bloomberg) — Stocks rose around the world and the dollar strengthened after China’s central bank said the government can do more to support growth. Oil fell a second day as Iran and six world powers intensified efforts to reach a nuclear accord. The Stoxx Europe 600 Index climbed 0.7 percent, and the MSCI Emerging Markets 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: 11854, 11679, 11534 Resistance:11965, 12149, 12221 The Dow Jones FXCM US Dollar Index turned lower as expected, with prices digesting losses near monthly lows. A daily close below Read More

(Bloomberg) — Crude slid amid speculation the conflict in Yemen won’t have an impact on the global oil glut, while the dollar held gains. Asian index futures were mixed after U.S. stocks rallied Friday to trim their worst week since January. U.S. and Brent crude oil fell at least 0.9 percent by 7:57 a.m. in Read More

Gold outlook is gloomy as the US economy shines (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

DailyFX.com – View photo . Fundamental Forecast for Dollar:Bullish NFPs are scheduled for release on Good Friday – key event risk stirring a key trend on a low liquidity day After Yellen’s remarks, the focus intensifies on Fed timing with FF futures still dovish but swaps hawkish Sign up for a free trial of DailyFX-Plus Read More

* Yellen speech reiterates dovish tone * Dollar posts second straight weekly loss * Long-term dollar uptrend remains (Adds comments, updates prices) By Sam Forgione NEW YORK, March 27 (Reuters) – The U.S. dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of U.S. Read More

* Speech by Fed Chair Yellen next in focus * Dollar up against euro, lower against yen and franc * Long-term dollar uptrend remains (Updates prices, adds comments; changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, March 27 (Reuters) – The dollar posted minor gains against the euro on Friday while slipping slightly Read More

* Dollar index bounces off trough, but still down on week * U.S. jobless claims falls, services PMI hits six-month high * Speech by Fed Chair Yellen next in focus By Ian Chua SYDNEY, March 27 (Reuters) – A sudden turnaround in the dollar’s fortunes overnight saw the currency trading broadly higher early in Asia Read More

Why US Consumers Are Hesitant Right Now (Part 2 of 6) (Continued from Part 1) Stronger Dollar Hurts U.S. Exporters It is no coincidence that the U.S. Dollar Index is at a 12-year high, when U.S. stocks are up by ~2% year-to-date. A cheaper currency is proving a boon for European and Japanese companies, but Read More

(Recasts after start of European trade, changes dateline from previous TOKYO/SYDNEY) * Dollar on defensive as yen, franc surge * Euro back above $ 1.10, dollar index at 3-week low * Talk of safe haven flows on Saudi-Iran worries By Patrick Graham LONDON, March 26 (Reuters) – The dollar sank to a five-week low against Read More