The USD has been trading within a Complex Structure, more exactly, within a Double Three Pattern. This has been going on and unfolding ever since the DXY (dollar index) hit the support back on the 25th of Jan 2018 and then started bouncing.   Dollar Index (DXY) – Daily Chart Dollar Index (DXY) – 2H Chart – Corrective Structu...

2018-04-18 Richard Tataru Read more
return of the Dollar Bulls

The greenback is showing signs of a possible Bullish Swing. The Dollar Index (DXY) dropped significantly following the FED Rate Hike and FOMC press Conference. Due to that, metals and most majors thrived and enjoyed the fresh air brought by the weakness in the dollar. However, the Bullish Swings seen on XAU, XAG & EUR do not seem to fi...

2018-04-02 Richard Tataru Read more

These are very volatile times with many factors influencing the Market simultaneously.   FED did not signal more than 3 rate hikes this year UK officials are still having “Brexit” talks President Trump threatens China with a possible Trade War and China responds firmly Facebook looking vulnerable over data privacy breach ta...

2018-04-03 Richard Tataru Read more
US Dollar Bill

After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within our plan, outlined in many p...

2017-08-24 Nour Eldeen Al-Hammoury Read more

The US Jobs Report came in with a positive surprise across the board, most of the numbers came in higher than expected, despite the fact that many of the employment components that were released for the past few weeks were pointing to a possible slowing down. NFP Above 200K The Non-Farm Employment Change came in above the estimates, adding...

2017-08-06 Nour Eldeen Al-Hammoury Read more
FOMC

In the next few hours, eyes will turn toward the Federal Reserve once again, as we are expecting the FOMC Meeting Minutes. The US market has been closed due to the 4th of July holiday, which led the markets to experience a drop in volatility and liquidity over the past two days. Yet, volatility is likely to spike higher today ahead of the FOMC ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Bank_rate decision

The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...

2017-07-04 Nour Eldeen Al-Hammoury Read more
USD Index_3005

The US Dollar Index got a notable push since the middle of last week on the back of some positive economic releases. However, the biggest push came in from the US 2nd GDP estimate, which showed a revision to the upside towards 1.2% instead of the initial reading of 0.7%. Such reading brings back the possibility of another 25bps rate hike by th...

2017-07-26 Nour Eldeen Al-Hammoury Read more
USD Index_DYX_2504

The US Dollar Index is still trading within our plan outlined over the past few weeks. Last week, the US Dollar Index retraced all the way up to retest the 100.0 barrier. The Index closed last week’s trading on Friday exactly at that resistance. However, the index gapped lower on Monday following the outcomes of the first round of the French el...

2017-04-25 Nour Eldeen Al-Hammoury Read more
Dollar Index_equities

Since the beginning of the week, the US Dollar index has been declining gradually, after last week’s upside retracement. Even though the entire economic releases from the US came in with a notable weakness this week, the US Dollar managed to retrace once again. Yesterday, Jobless Claims increased by 10K, while Philly Fed Manufacturing showed i...

2017-07-26 Nour Eldeen Al-Hammoury Read more