With most of the major trading hubs closed today on account of the Good Friday bank holiday, the markets could remain choppy amid thin trading. The North American trading session will see the release of the inflation data for the month of March. Following the decline in the U.S. dollar spurred by President Trump's comments who said that the c...

2017-04-14 John Benjamin Read more
US Dollar bill

The dollar index is poised for the third week of strong gains after falling to lows of 91.88. The next big event risk comes from next week’s revised GDP estimates The US dollar is poised to close the third week of consecutive gains after price briefly fell to an 18-month low to 91.88. The impressive turnaround in the dollar index came as econom...

2016-05-20 John Benjamin Read more
Forex terms

Very often, traders and professional Forex investors simplify currency pair names by referring to them using nicknames. The most used jargon in FX is about the major currency pairs. This language is not only used in forums or social media but also in official communications, news, and formal events. If you are trading FX, you have got to know a...

2016-05-03 Adrian Filip Read more
US Dollar bill

Following last week's analysis, the US Dollar index saw the rally being clipped near the 98.5 - 98.0 resistance. With the Euro turning bullish and the Yen staying flat, the US Dollar Index is starting to look more and weaker with the likelihood of a dip to 94.5 - 94.0 support level. Next week, the FOMC meeting will be the big fundamental risk. T...

2016-03-11 John Benjamin Read more
Dollar_Index

Following a steady uptrend since touching the lows below 95.5, the US Dollar Index has posted a reversal near the resistance level of 98.50 - 98.0 over the past two days. The rally from 95.5 has seen little to no pullbacks which open the risk for a decline lower. The main event for the US Dollar this week is the monthly jobs report due later thi...

2016-03-04 John Benjamin Read more
US Dollar Index_USD

The second estimates for the fourth quarter GDP in the US are due out later today followed by the Personal consumption and expenditure data. Expectations are dovish heading into the release, with the fourth quarter GDP in the US expected to decline from the first estimates of 0.70% to 0.40%. A dip to 0.40% in the Q4 GDP would mark the lowest pac...

2016-02-26 John Benjamin Read more
US Dollar

The US consumer inflation data is due for release during the NY trading session today with expectations staying mixed. Consumer inflation excluding food and energy is expected to rise 0.20%, up from 0.10% previously for the month while headline CPI is expected to decline -0.10%, down from -0.10% a month ago. On an annualized basis, core CPI is e...

2016-02-19 John Benjamin Read more
Dollar

After another week of strong sell-off, the US Dollar was seen recovering from the declines, by Friday’s trading session. The US Dollar Index, which touched a low of 95.28, last seen four months ago managed to post a reversal near the 95.50 minor support. However, the Dollar Index is not out of the woods yet as prices will likely struggle in the ...

2016-02-12 John Benjamin Read more
US Dollar

For a currency that was expected to continue to push higher, heralded by a change in monetary policy with a 25bps rate hike in December, the US Dollar fell across the board this week. The Dollar Index now sits at 96.65, breaking below December 2015 lows. The turnaround in the US Dollar this week was rather significant with four straight sessions...

2016-02-05 John Benjamin Read more
US data

The US Dollar saw one of the strongest intraday sell-off during the NY trading session yesterday, losing over -1.52% for the day. The US Dollar Index, which opened at 98.82, closed the day at 97.30. Yesterday's declines are only second to the -2.10% decline seen on December 3rd when the ECB failed to expand its QE. [caption id="" align="ali...

2016-02-04 John Benjamin Read more