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Dollar Surges on ADP Job Report + Oil Longs Pending Entry
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is up 0.65% for the day as the ADP job numbers came out better than expected. Despite this, Crude (Oil) is gearing up for an entry long.
This morning ADP job numbers came out at 978,000 versus the forecast of 645,000.…
US Oil Ready to Push Higher as Dollar Stagnates
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother day in the markets and another day the US Dollar Index is stuck in a range. While the Dollar decides on a direction, US Oil (Crude) is set to make a run at the high of the year.
There are days and even weeks at a time where the Dollar…
Euro to 1.17000? Silver, Gold and Oil Longs!
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we discussed the meltdown of the US Dollar Index (DXY) and where many pairs and commodities are headed as a result.
Since yesterday, the DXY is down 0.64%. The current daily timeframe suggests the US Dollar…