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Daily DXY Roundup: 1/21

The US Dollar fell across the board following a surge in global risk appetite. Solid corporate earnings by General Electric and a record high in a German confidence survey helped drag the safe-haven greenback lower, triggering a 0.84% loss on the day against a trade-weighted basket of currencies. The Dollar Index (DXY) reversed lower after briefly probing above the key 78.820…See More

Jan 22, 2011

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Daily DXY Roundup: 1/21

The US Dollar fell across the board following a surge in global risk appetite. Solid corporate earnings by General Electric and a record high in a German confidence survey helped drag the safe-haven greenback lower, triggering a 0.84% loss on the day against a trade-weighted basket of currencies. The Dollar Index (DXY) reversed lower after briefly probing above the key 78.820…See More

Jan 21, 2011

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Daily DXY Roundup - 1/12

The US Dollar Index (DXY) fell across the board, losing nearly 1% vs. a trade-weighted basket of currencies. The boost in risk appetite for equities triggered the loss of support in the 80.820, allowing the greenback to wipe-out half of the recent gains. Often, when counter-trend reversals of this magnitude close at the low of the day, the dramatic sell-off tends to exhaust most…See More

Jan 13, 2011

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Daily DXY Roundup - 1/11

The US Dollar Index (DXY) traded marginally lower, closing near key support. The 80.820 level was the previous range peak and the immediate trend is up while price-action remains near or above this pivot on a closing basis. While the current counter-trend movement remains in correction territory, closing just below 80.820 serves as a warning for further corrective measures. As such, the next possible region of support resides between 80.340/80.670, the 38.2% and 25% retracement levels of the…See More

Jan 11, 2011

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Daily DXY Roundup - 1/05

The US Dollar Index (DXY) posted solid gains following a stronger-than expected ADP employment number. The dollar was the strongest currency on the day, outperforming a trade-weighted basket by 0.94%. The move overnight through Monday’s high at 79.527 confirmed an hourly higher low, triggering strength above Thursday’s peak at 79.771 and short-term trendline resistance. The…See More

Jan 5, 2011

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2010 FX Review

The Japanese Yen was the star performer of 2010 among major currencies with the Swiss Franc and the Australian Dollar trailing just behind. The North American currencies (US & Canadian Dollar) were in the middle of the pack, while the British Pound and the euro were the two clear losers..Japan's currency was up nearly 14% in 2010…See More

Jan 2, 2011

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CHART OF THE DAY

Dec 31, 2010

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Daily DXY Roundup - 12/21

The US Dollar Index (DXY) was modestly higher in thin trading conditions. Bearish hourly diverging studies limited a sustained move above 130-day moving average resistance. Meanwhile, only an hourly close below intraday support at 80.33 will question the short-term bullish tone..The Australian Dollar was the outperformer despite…See More

Dec 21, 2010

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Daily DXY Roundup - 12/15

The US Dollar Index (DXY) rallied on the back of rising treasury yields, confirming Tuesday's bullish hammer pattern. The next obstacle for dollar bulls is last week's highs at 80.40, above which confirms a higher double bottom base. A swing low could form near the 79.87 region, where the 20-day moving average and 100-day moving…See More

Dec 16, 2010

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Daily DXY Roundup - 12/10

The US Dollar Index (DXY) continues to consolidate, forming a 3-day ascending triangle pattern. Since completing a zig-zag correction off the November low, the recent pullback has been limited to the 38.2% retracement level. While the uptrend remains intact, lackluster follow-through hints of the possibility of a bearish…See More

Dec 11, 2010

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Daily DXY Roundup: 12/03

The US Dollar Index (DXY) fell across the board as a result of the worse than expected employment report. The disappointing data put a bid back into the treasury market, helping to drive down US yields. The shrinking yield differential hurt the greenback, allowing the DXY to close near the key 38.2% retracement. Although, the recent relapse has produced a normal sized correction in terms of size, the rapid pace suggests further weakness in the near-term. While price-action remains capped by the…See More

Dec 3, 2010

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Daily DXY Roundup: 11/19

The US Dollar Index (DXY) continues to respect the 50-day moving average on a closing basis. Bullish diverging hourly studies triggered a rebound off the European lows that eventually rejected at 50-hour moving average resistance. This potentially jeopardizes the near-term bullish structure and could signal a test of the 38.2% retracement level at the 78 handle. Meanwhile, clearing the key 50-hour moving average would increase the probability of confirming a higher low.The USD/CHF has garnered…See More

Nov 22, 2010

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Peter Ruud posted a blog post

Daily DXY Roundup: 11/19

The US Dollar Index (DXY) continues to respect the 50-day moving average on a closing basis. Bullish diverging hourly studies triggered a rebound off the European lows that eventually rejected at 50-hour moving average resistance. This potentially jeopardizes the near-term bullish structure and could signal a test of the 38.2% retracement level at the 78 handle. Meanwhile, clearing the key 50-hour moving average would increase the probability of confirming a higher low.The USD/CHF has garnered…See More

Nov 19, 2010

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