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WASHINGTON (AP) — The victims vary: Fast-food colossus McDonald’s. Technology giant Oracle. Medical device maker Cooper Cos. The culprit’s the same: A surging U.S. dollar A symbol of American economic might, the rising dollar is denting the earnings of U.S. companies that operate overseas. The damage started showing up in results for the July-September period, Read More

Investing.com – Investing.com – The dollar remained broadly supported near 12-year highs against the other major currencies on Friday, after data showing that U.S. consumer sentiment jumped to the highest level in 11 years in January overshadowed earlier U.S. industrial production and inflation data. In a preliminary report, the University of Michigan said that Read More

Investing.com – Investing.com – The dollar held steady near 12-year highs against the other major currencies on Friday, as the previous session’s mixed U.S. data did little to dampen optimism over the U.S. economic recovery and as markets eyed additional U.S. reports due later in the day. The dollar showed little reaction to data 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: 11599, 11527, 11411 Resistance:11699, 11796, 11874 The Dow Jones FXCM US Dollar Index turned lower as expected, with a bearish Evening Star candle pattern of deeper losses in Read More

Investing.com – Investing.com – The dollar remained within striking distance of a 12-year high against the other major currencies on Thursday, after the release of mixed U.S. economic reports did little to dampen optimism over the strength of the U.S. recovery. In a report, the U.S. Department of Labor said the number of individuals Read More

Must know: Key indicators to track gold in 2015 (Part 3 of 12) (Continued from Part 2) 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 their demand for gold. Also, when the dollar starts to lose value, investors 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: 11599, 11527, 11411 Resistance:11699, 11796, 11874 The Dow Jones FXCM US Dollar Index looks likely to continue downward following the appearance of a bearish Evening Star candle pattern having reversed Read More