DXY Cooling From HighsFollowing a firm move higher over the last week the Dollar was seen reversing heavily lower yesterday. A hawkish surprise from the Fed last week, with Powell casting doubt on a...
Dollar Slips From Highs Despite Jobs Beat
Upside ADP SurpriseThe DXY is easing back from 4-month highs today, despite a better-than-forecast ADP print yesterday. Private sector jobs were seen rising by 42k, up from -32k prior and above the...
DXY Testing $100-Mark Ahead of ADP Data
Dollar Rally Pushing OnThe rally in the greenback continues midweek with the DXY back up at the $100 mark ahead of the keenly awaited ADP employment reading today. With public sector data still on...
Dollar Index Daily Trade Setups
Dollar Index Daily Trade SetupsIn this update, we review the recent price action in the Dollar Index and identify the next high-probability trading opportunities and price objectives to target. To...
Bullish Dollar Reversal Keeps Building
DXY Rally ContinuesThe reversal higher in USD is starting to gather pace now with DXY trading at its highest level since August today. The move comes amidst a shift in Fed outlook following hawkish...
Dollar Firmer Following Fed Rates Uncertainty
Fed Cuts Rates AgainThe US Dollar remains well bid today despite the latest rate cut form the Fed yesterday. The October FOMC saw the central bank cutting rates by a further .25% as expected. However,...
DXY Rallying Ahead of FOMC - Trade Deal Optimism Rising
Trump/Xi in FocusThe US Dollar is rallying today ahead of the keenly awaited FOMC meeting this evening. Indeed, the rally is seen despite the broad expectation that the Fed will cut rates today and...
Dollar Firm As Traders Brace For US Inflation
US Inflation DueMarkets have been bereft of tier-one US data over the last few weeks amidst the ongoing US shutdown. However, traders will today receive the first top-level US data since that shutdown...
Dollar Steady Ahead of US CPI Tomorrow
Dollar Still FirmThe US Dollar remains near the week’s highs ahead of tomorrow’s keenly awaited US inflation data. A softening of tensions between the US and China ahead of scheduled trade talks...
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