DailyFX.com – Talking Points: Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed Euro Traders Should Be Cautious as Currency Extends Rebound After Greek Election British Pound Climbs after UK GDP Posts Strongest Growth Pace Since 2007 Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed The Dow Jones FXCM Dollar Index (ticker Read More
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The U.S. dollar has been on a tear, soaring to multiyear highs against a basket of other major currencies. In 2014, the U.S. Dollar Index (DXY) rose 12.8%, and in early 2015 the dollars formidable strength continues to be a major theme. “We see increasing strength in the dollar as a long-term trend,” says Brian Read More
* US durable goods orders unexpectedly fall * Dollar index off 11-year high ahead of Fed * Aussie could slip if inflation softer than forecast By Hideyuki Sano TOKYO, Jan 28 (Reuters) – The dollar stepped back from a 11-year peak against a basket of currencies after soft spending data and some disappointing earnings cast Read More
Investing.com – Investing.com – The dollar extended losses against the other major currencies on Tuesday, after the release of mixed U.S. economic reports, as investors turned their attention to the Federal Reserve’s upcoming policy statement on Wednesday. The Conference Board said its index of U.S. consumer confidence improved to an eight-year high of 102.9 Read More
A two-pronged case for holding gold (Part 3 of 4) (Continued from Part 2) While the US dollar is strengthening, I still believe that investors should consider maintaining their allocation. Market Realist – Gold and the dollar move in opposite directions The above graph compares the dollar index (UUP) with gold (GLD)(IAU) prices for the Read More
Investing.com – Investing.com – The dollar pushed lower against the other major currencies on Tuesday, weighed by the release of downbeat U.S. durable goods data, while investors eyed the outcome of Wednesday’s Federal Reserve meeting. The U.S. Commerce Department reported that total durable goods orders dropped 3.4% last month, compared to expectations for a Read More
The dollar’s surge is reducing earnings at American companies from Procter & Gamble Co. (PG) to Pfizer Inc. (PFE) and DuPont Co. that make a large portion of their revenue abroad. P&G, the world’s biggest consumer-products maker, today reported profit that missed analysts’ estimates in the quarter ended Dec. 31 after what Chief Executive Officer Read More
Talking Points: US Dollar Chart Setup Hints at Turn Downward Ahead S&P 500 Still Treading Water Near Monthly Range Top Gold Prices Continue Pullback, Crude Oil Flat-Lining Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. ** US DOLLAR TECHNICAL ANALYSIS – Prices put in a Shooting Star Read More
Dollar bulls say Europe’s 1.1 trillion euro ($ 1.23 trillion) bond-buying plan will bring the Federal Reserve a step closer to raising interest rates before the year’s out. By pumping cash into global markets, the European Central Bank may clear the way for the U.S. to tighten its own money supply without stoking volatility, according Read More
Closer ties between the performance of U.S. stocks and the dollar may persist until the early stages of the next bear market for shares, according to Michael Shaoul, chief executive officer of Marketfield Asset Management LLC. The CHART OF THE DAY displays an indicator that Shaoul cited in a note to clients yesterday: the correlation Read More