The dollar index (DXY00 ) rose by +0.04% on Friday. The dollar recovered from a 6-week low on Friday and posted modest gains as higher T-note yields strengthened the dollar’s interest rate differentials....
Let’s break down this week’s events in the stock, bond, and currency markets, and I’ll include my bias on price direction for each in the coming weeks.
December Euro currency futures present a buying opportunity on more price strength.
The dollar index (DXY00 ) is up by +0.46% today. The dollar is moving higher today, rebounding from Thursday's 6-week low. Higher T-note yields today have strengthened the dollar's interest rate differentials....
AUDUSD is recovering after the recent decline toward 0.6920, but the current bounce may only represent a temporary corrective move. Watch the 0.7120 resistance area, where sellers could step back in and...
The dollar index (DXY00 ) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that showed Q2 GDP growing less than expected and the Jun...
The dollar index (DXY00 ) dropped to a 6-week low today and is down by -0.91%. The dollar is moving lower today on today's US economic news that showed Q2 GDP growing less than expected and the Jun core...
USDCHF continues its strong recovery after breaking out of the fourth-wave consolidation, with the fifth wave now likely underway. Price is approaching key resistance near 0.8290, where a corrective pullback...
The dollar index (DXY00 ) fell to a 1-week low on Wednesday and finished down by -0.48%. The dollar tumbled on Wednesday after the FOMC kept interest rates unchanged. The dollar moved higher briefly...
December Euro currency futures present a selling opportunity on more price weakness.
