I’ve been watching the USD Index looking for clues in anticipation of it’s next move. Today I got that clue from the current level of the USD Index, the GDP (preliminary report) and Pending Home Sales.. The USD index has… Read More ›
The USD Index looks to test the bottom of the recent range of 79.25 set back in October of last year. Are you looking to buy off that level or sell USD on a break?
USD Index hits another support level.
After days of steady declines the USD has finally found bottom thanks to of all things the minutes of this past week’s FOMC minutes. The markets were expecting (or hoping) a dovish FOMC statement would be the catalyst for further USD dollar declines…. Read More ›
USD Index trades through trend line support ahead of Yellen testimony. Expect further declines today.