On the last weekly review, we mentioned the 95.21 (the high made at 14-APR-2016) level as an important bullish barrier level, and the market did take out that level – which means increasing chances to get back into the mid range ~ 96.5 (at least in the mid term). The scenario for the continuation of the bullish Read More
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After the Bullish Key reversal over the considerable support mentioned in previous reviews (testing from above the 92.53 Yearly Last High Before Low), last week was a bullish continuation, but with shortening of the thrust. The most important level to reach as for the bull side is the 14-ARP-2016’s High at 95.21. There is a Read More
The US Dollar index managed to close last week strong, as a Bullish Key Reversal. In the previous review, we emphasized the importance of the 92.53 level, which was the Yearly Last High Before Low, and this is the first time a Yearly bar is retracing towards it after it conquered that level last year, Read More
First, let’s have a look on the longer timeframe, in this case the Yearly chart (chart1). The Dollar Index is in a long term correction up, currently halted between the 50% and 61.8% retracement levels, and the 100$ round number psychological barrier. The last year bar managed to take out the Yearly LHBL (Last High Read More
USDX, the index that comprises the main currencies rates relative to the USD has been in a wide range since MAR 2015, after a remarkable bullish momentum that started at JUN 2014. Let’s have a long term look first by chart1, the Yearly chart (each bar is one year). On the longer term, the current Read More
* Dollar broadly lower early in Asia, euro back at $ 1.0650 * U.S. retail sales miss market expectations * China data including GDP next in focus By Ian Chua SYDNEY, April 15 (Reuters) – The dollar nursed broad losses early on Wednesday, having snapped six straight sessions of gains after retail sales data failed Read More
Despite rising stock (INDEX: .SPX) prices and a falling unemployment rate , the United States is on the brink of a catastrophic “financial crisis,” according to former U.S. presidential candidate Ron Paul . And the culprit could be the dollar (Exchange: .DXY). “There’s a huge bubble with the dollar,” Paul said on Tuesday’s ” Futures Read More
Paul declined to offer a catalyst or even a timeframe for when the dollar “bubble” could pop, but did warn that it does happen, it will be quick and unexpected. “Most of the time, these things are unforeseen,” he said. “Did anybody warn us about 2007, 2008 in Lehman Brothers? Nobody warned us about Read More
By Rodrigo Campos NEW YORK (Reuters) – The U.S. dollar tumbled on Tuesday, weighed down by mixed retail sales data and economic growth predictions, while crude rose after a surprise drop in forecasts for U.S. shale oil production. Stocks edged up on Wall Street, boosted by energy shares, with investors also focused on U.S. corporate Read More
The U.S. dollar has been on a tear in recent months, storming higher against a number of other currencies throughout the globe. But the strength in the dollar is a double-edged sword: Although it benefits consumers in some ways, it can hurt large, multinational corporations and negatively affect their stock prices. Expectations that the Federal Read More