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Daily DXY Roundup: 1/21

Posted on January 21, 2011 at 10:30pm 0 Comments

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…
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Daily DXY Roundup - 1/12

Posted on January 13, 2011 at 2:45am 0 Comments

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…

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Daily DXY Roundup - 1/11

Posted on January 11, 2011 at 10:44pm 0 Comments

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%…

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Daily DXY Roundup - 1/05

Posted on January 5, 2011 at 11:37pm 0 Comments

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…
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Comment Wall (1 comment)

At 9:32am on November 21, 2010, pnf.PhyTrade.com said…
Hi -

Thank you for accepting my invite. Looking forward to reading your reserch.

Best of luck -

pnf.PhyTrade.com

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