The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday’s 10-day high at 90.88. The six-week high seen on January […]
The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday’s 10-day high at 90.88. The six-week high seen on January […]
The US Dollar is trying to turn higher as it tries to make good on a bottoming sequence; a trend test lies not too far ahead from here.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
The Euro is testing a multitude of pivotal support levels against its major counterparts, which could determine its longer-term trajectory. EUR/USD, EUR/JPY and EUR/GBP levels to watch.
The FTSE has been coming off lately, bringing into play support levels; risk trends are being put to the test, so keep an eye on general market conditions.
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The Dollar stumbled slightly in morning trade on Tuesday, seeing the DXY dip from 90.61 to 90.12 lows, before recovering slightly to 90.30. Incoming data saw a better consumer confidence outcome, a softer Richmond Fed index, and firmer housing prices. Wall Street struggled for traction, with the major indices trading on either side of flat […]
The dollar and most currencies have remained in idling mode, as are global asset markets. The DXY dollar index has been seeing narrow ranges just above the week’s low at 90.08. EUR-USD, USD-JPY and most other dollar pairings have been seeing a similar directionally uneventful price action. There is one exception out of the main […]