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US Dollar Continues To Follow Rise In US Treasury Yields; ECB Tomorrow
The US Treasury 10-year yield is pushing its January 2014 high of 3.040% percent, giving the DXY Index an opportunity to retest the 2017 low at 91.01.
DXY Index Carving Out Inside Day, Lighter Calendar Ahead
The US Dollar (via the DXY Index) is carving out an inside day thus far, with today's high-low range coming within the high-low range established on Wednesday.
DXY Index Recoups Overnight Losses On Weak Data Out Of Europe
The US Dollar (via the DXY Index) was on its way to its lowest levels in two months earlier today before a series of weaker data releases from China and Europe prompted demand for the greenback.
US Dollar Up, Gold Down As Trump Backtracks On Russia And Syria
The US Dollar (via the DXY Index) is trading slightly higher this morning, building on its gains from late in the day yesterday, as market participants have seen an unwind of the conditions that initially dropped it lower this week.
US Dollar Down, Gold Up As Trump Warns Russia And Syria
Global financial markets are seeing a fresh wave of volatility entering Wednesday as trade tensions between China and the US have lingered, while the prospect of US military action against Syria have ratcheted higher.
US Dollar Shrugs Off Trade War Headlines - For Now
The US Dollar (via the DXY Index) has been treading water the first few days of the new month and the new quarter, seemingly unmoved by intensifying trade tensions with respect to NAFTA and China.
DXY Rebounds On Cooling Trade Tensions, Month-End Rebalancing
EUR/USD drop driven by more signs Eurozone data momentum is cooling, USD/JPY propped up by rebound in global equities.
DXY Index Coiling Ahead Of FOMC Meeting Tomorrow
US Dollar (via DXY Index) has traded within a tight range this month, as traders have eagerly awaited Fed Chair Jerome Powell's first FOMC meeting.
USD/JPY Downtrend Remains; Potential Pennant In GBP/USD
A potential scandal has emerged close to Japanese Prime Minister Shinzo Abe, leading to speculation over whether or not the vaunted 'Abenomics' program - a cornerstone of which is a weak Japanese Yen - will remain in place.
US Dollar Bottoming Effort Takes A Step Forward
The DXY Index has cleared its downtrend from mid-December as well as the descending channel in place from mid-January, no longer is a broad USD-bearish bias appropriate.
Forex Markets Eye Eurozone And US Inflation, US And Canadian GDP
Central bank heads will be in the spotlight this week, with Draghi on Monday, Powell on Tuesday & Thursday, and Carney on Friday.
DXY Index Rebound Stalling At Downtrend Resistance
The US Dollar (via DXY Index) is back at trendline resistance from the January 17 and February 8 highs following the release of the January FOMC meeting minutes yesterday.
DXY Index Remains In Downtrend, Watch This Level
The US Dollar (via the DXY Index) is working on its third consecutive day of gains, building on the bullish daily key reversal seen at the lows on Friday.
DXY Bottom Not In Place Yet After ECB, Trump Walk Back
The ECB proved feckless in its efforts to deter the market from strengthening the Euro further. US President Trump was able to throw the US Dollar a lifeline yesterday.
DXY Index Eyes 2017 Low As EUR/USD Hits Three-Year High
Early price action in 2018 suggests that, for now, a bearish outlook for the US Dollar remains appropriate. On the daily timeframe, MACD and Stochastics continue to trend lower in bearish territory.
USD Dunks On Early Signs Of Another ’Taper Tantrum’
US Dollar is selling-off - alongside US Treasuries and US equities - as report shows Chinese government considering slowing or halting purchases of US debt.
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