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
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Investing.com – Investing.com – The dollar slipped lower against the other major currencies on Thursday, but remained close to 12 year highs as the greenback recovered from the previous session’s downbeat U.S. retail sales report. The dollar regained some ground after falling broadly on Wednesday when a report showed the largest drop in U.S. 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
* Dollar was softer across the board after retail sales data * Sales post biggest monthly drop in 11 months in Dec * U.S. yields rebound from overnight lows, bolstering USD * Aussie surges as strong jobs data curbs rate talk By Lisa Twaronite and Ian Chua TOKYO/SYDNEY, Jan 15 (Reuters) – The dollar edged 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
* Dollar softer across the board after retail sales data * Sales post biggest monthly drop in 11 months in Dec * U.S. yields reach new lows, undermining USD By Ian Chua SYDNEY, Jan 15 (Reuters) – The dollar nursed losses early on Thursday, having retreated across the board after a surprisingly big fall in Read More
Retail sales dropped a seasonally adjusted 0.9% last month to mark the biggest decline in nearly a year. NEW YORK (MarketWatch) — The U.S. dollar plummeted Wednesday morning after Read More
Is $ 0.75 possible? Calls for a drop to $ 0.75 are premised on a deteriorating outlook for Australia’s two biggest exports – iron ore and coal – and a strengthening U.S. currency as the Federal Reserve prepares to raise interest rates this year. In addition, the Reserve Bank of 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 turned lower as expected, with a bearish Evening Star candle pattern of deeper losses in the Read More