Peter Ruud's Blog (11)

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…
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Added by Peter Ruud on January 21, 2011 at 10:30pm — No Comments

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…

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Added by Peter Ruud on January 13, 2011 at 2:45am — No Comments

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%…

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Added by Peter Ruud on January 11, 2011 at 10:44pm — No Comments

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…
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Added by Peter Ruud on January 5, 2011 at 11:37pm — No Comments

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.…
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Added by Peter Ruud on January 2, 2011 at 6:46pm — 1 Comment

CHART OF THE DAY

Added by Peter Ruud on December 31, 2010 at 1:46pm — No Comments

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…
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Added by Peter Ruud on December 21, 2010 at 11:37pm — No Comments

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…

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Added by Peter Ruud on December 16, 2010 at 12:06am — No Comments

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…

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Added by Peter Ruud on December 11, 2010 at 12:59am — No Comments

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%…
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Added by Peter Ruud on December 3, 2010 at 10:13pm — No Comments

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…

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Added by Peter Ruud on November 19, 2010 at 9:34pm — No Comments

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