Category: Dollar Index
USDOLLAR Topping Threat Lingers – Watching Daily 13-EMA
Today, the greenback has another shot at redemption in the form of the preliminary December US U. of Michigan Confidence report. November’s sentiment index (88.8) measured at the highest level […]
Wedges in EUR/USD, USD/CHF Highlight Potential for USD Top
The US Dollar needs a fundamental jolt to put the breaks on its recent swing lower, as more evidence crops up of a potential top in the best major currency […]
USDOLLAR Index at Risk of Near-Term Top
The broader USDOLLAR Index may have broken to fresh yearly highs last week after the stronger than expected November US labor market report, but there has been little follow through […]
Watch: ADM Head of Forex Eddie Tofpik on Voice of America
I had the great opportunity recently to be interviewed on the business, politics & media radio show ‘Engage with Andy Busch’. We discussed recent trends in the U.S. Dollar, the […]
USDOLLAR Triangle Intact for Now as USD/JPY Holds Near Highs
After Friday’s inverted hammer at yearly highs, the USDOLLAR Index looked a bit toppish. However, there has been absolutely zero follow through today. A brief dip lower at the start […]
Major Event Risk Ahead for US Dollar – Levels to Watch
The US Dollar has been able to retrace about half of its losses from its October highs, but it’s not out of the woods just yet. Technical progress has been […]
Weekly Technical SPX, TSX, $GOLD, $USB, $WTIC
This week, watch the US Dollar. The repurcussions of a breakout, to the upside, are mind boggling. At any rate, use behavior here as a benchmark for all the markets […]
The US Dollar’s Moment of Vulnerability
October, a seasonally bullish month in the QE era of monetary policy, has been anything but for the US Dollar. This past week was potentially disastrous. The market was previously […]