After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell’s harsh comments about the US economy, the Dollar was still able to create a new high for the week. […]
Opposed to Powell’s last speech, his speech today was without a doubt dovish in tone. This had caused the Dollar to go from consolidating to being down -0.50% for the day. Although the interest rate will stay at <0.25% as it has been for the past year, the Federal Reserve’s worries for the economy continue […]
This morning’s US retail sales data came out much worse than expected, and traders could see further weakness in the Dollar as a result. Despite attempting another push higher, the Dollar is stuck in limbo. The core retail sales data came out at -2.7% versus the forecast of 0.2%. This number represents all sales except […]
After ending last week with three consecutive selling days, the Dollar has opened up this week with a bullish response. It’s tough to say if this is here to stay, or if more downside is on the way. After opening bullish last week, the Dollar started a sharp path down to 91.600. Once again, this […]
As the Dollar tries a last-minute surge to the upside, many of the cryptos and commodities are extending their gains. Bitcoin to 60,000 looks fairly likely and Crude Oil longs are almost ready to go. Earlier during the New York session, the US Dollar Index was able to push back to 91.90. However, the price […]
After failing to bounce from 91.90, the US Dollar Index is set to fall lower. While the majors gain on the Dollar, US Oil is starting to set up for a perfect buy to $77 per barrel. The Dollar is finding it rather hard to stay afloat despite opening bullish on Monday. Price started a […]
The Dollar is in a tough spot as sellers continue to force the index lower. A possible area where the DXY can rebound is 91.900. If it fails to do this, we can see many majors start to rise once again. After the passing of the 1.9 trillion dollar stimulus package, the Dollar has done […]
After a surge to open up the trading week, the US Dollar Index has retraced considerably. Currently, price is resting at 90.900 with price action suggesting another push to the upside. As far as technical analysis is concerned, the US Dollar showed virtually zero signs of retracement yesterday. Price was able to print a hammer […]
After solid job numbers and a stimulus bill finally decided upon, the US Dollar is thriving and is officially reversing to the upside. As a result of the Dollar reaching new yearly highs, EURUSD is set to visit pre-pandemic levels. Price had officially started its downtrend during the last week of February. Since then, price […]
As expected, today’s Non-Farm Payroll release was positive and as a result, the Dollar is continuing its uptrend. With the Dollar continuing its push higher, USDCHF is also following its tracks. USDCHF has been on a downtrend since May 2019, but that has all changed these past few weeks as the price was able to […]