Much attention was given to the stock market for the past couple of weeks. Today, however, I’d like to divert your minds for a while towards the almighty US dollar. [Read more...]
Weakness Seen In The US Dollar
US Dollar Soared After Strong US Figures
The US Dollar Index (USDX), an index which measures the valuation of the US dollar against a basket of currencies like the euro, has been stuck in a trading range after it rebounded from its low of 75.631 last November 4. It peaked at 81.444 on November 30 but it has since moved sideways. [Read more...]
The End of the US Dollar’s Rally?
For the past week or so, the US dollar has rallied strongly against its major peers thanks to the drama in Ireland and in the Korean peninsula. Ireland needed about €85 billion ($114 billion) to help service its ballooning [Read more...]
US Dollar About to Weaken Again
Good day Forex peeps! Here’s a technical update on the US Dollar index or USDX. For those who do not know, the USDX is an index that measures the value of the greenback against a basket of currencies. This basket is composed of [Read more...]
A Temporary Rally Seen in the US Dollar
Welcome to another day of Forex trading! In today’s FX feature, I present to you an update on the US dollar index (USDX). A little more than a week ago I already warned the dollar bulls of a likely take over by the bears [Read more...]
Things are Looking More Depressed For the Mighty Dollar
Indeed, things are looking more depressed for the greenback. Now, what led me to say such pessimistic statement? Well, technically speaking, the US dollar index (USDX) which is a measure of the greenback’s valuation against a [Read more...]
US Dollar Index Breaks Out! – August 23, 2010
Welcome to another week of FX trading! In today’s fx feature is an update of the US dollar index. In my last post, I took specific note of the inverted head and shoulders pattern that was brewing at [Read more...]
US Dollar to Make a Comeback? – August 19, 2010
Hiyo forex peeps! In today’s FX feature is an update on the US dollar index (please see my my previous post here). As you can see from its daily chart, the index appears to be poised for a break to the upside. Why? Well, [Read more...]
US Dollar Remains in a Funk – August 11, 2010
Good day forex peep! In today’s fx special is the US dollar index. As you can see from its 4-hour chart, the index, which weighs the valuation of the greenback against a basket of currencies like the euro, pound, yen, [Read more...]
Bearish Outlook on the US dollar – July 27, 2010
Here’s an update of the US dollar index or the USDX which I last posted on July 15 (kindly see my last blog here). As you can see from the chart, the index has continued to weaken after it broke its long term uptrend line and [Read more...]
The US Dollar Seen Weakening – July 15, 2010
Extra! Extra! The US dollar has buckled its long term uptrend? Will it head south now? On today’s chart is my recent take on the US dollar index. For quite some time now, the US dollar had been gaining a lot of [Read more...]
The US Dollar’s Comeback – July 6, 2010
Hello there forex friends! today’s I present to you an update on US dollar index which I last posted back in June 24 (kindly see my previous entry here). As you can see, the index has retraced back to the [Read more...]
Is the Green Back? – June 24, 2010
Hi there my avid readers! On this blog is an update of the USDX chart which I presented last June 15. Back then, the US dollar index has weakened after reaching a new high of 88.708. At present, the index is trading just below [Read more...]
