The US$ index closed with a bullish weekly candle and above the psychological 100 level but there’s not a whole lot to be excited about here given the low level of momentum. This conflicting technical picture of the US$ index was reflected in last night’s batch of US data which revealed dismal Retail Sales but […]

It has been a week of mixed results for the DXY. The index closed with a bullish weekly candle but failed in its effort to reclaim the key psychological 100 level. NFP was not as bad as expected and this further supported the risk-on shift that was evident on Thursday. This US$ weakness could help […]

The US$ index will close sharply lower for the week following FOMC guidance that US rates will be kept lower for longer and also due to weaker US data. The index has struggle to remain above the key 100 level but this remains a key level to monitor in coming sessions.

The US$ index has closed higher for the week BUT the low levels of momentum across both the DXY and EURX make this move rather questionable. Forex traders need to keep an eye on momentum and wait for any uptick before there can be much conviction with any trend line breakout movement. The three Central […]

Both FX indices have closed with Spinning Top weekly candles extending the theme of ‘indecision‘ that has plagued FX markets of late.