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
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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
NEW YORK: The dollar dropped across the board on Thursday after weaker-than-expected US economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year. The dollar index, a gauge of its Read More
Investing.com – Investing.com – The dollar edged lower against the other major currencies on Friday, as downbeat U.S. consumer sentiment data added to concerns over the strength of the country’s economic recovery. In a preliminary report, the University of Michigan said its consumer sentiment index fell to 93.6 this month from 98.1 in January. Read More
* Euro heads for third week in positive territory * German GDP numbers, ECB ruling on Greece aid euro * U.S. consumer sentiment falls in February (Recasts, adds comment, U.S. data, updates prices, changes byline, dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Feb 13 (Reuters) – The dollar fell for a second straight session Read More
NEW YORK (MarketWatch) — The dollar traded flat against its rivals Friday as shifting growth expectations threatened the dollar’s seven-month long rally. Recent weakness in U.S. data — January retail-sales figures slumped for Read More
Investing.com – Investing.com – The dollar was lower against the other major currencies on Friday, as the previous session’s downbeat U.S. economic reports continued to weigh and markets eyed additional U.S. data due later in the trading session. Sentiment on the dollar remained vulnerable after the U.S. Department of Labor said on Thursday that Read More