DOLLAR INDEX : INFLATION DAY- The market has been trading inside a bullish channel since the beginning of 2024 ; The mid-term trend is then bullish.
- This bullish trend took place as investors' hopes of a quick dovish monetary switch from the FED faded due to US data proving a much more resilient economy than anticipated.
T
DOLLAR INDEX : BULLISH TREND RESURGENCE ?- The market has been trading in a bearish channel since the beginning of November 2023, registering lower highs and lows, the medium-term trend is therefore bearish.
- In the shorter term, prices registered a sharp rebound above $100.50, leading to a clearing of the upper bound of the medium-term
The US dollar is on the back foot The US dollar is on the back foot as European trading gets underway this Tuesday. The greenback has been under pressure following a string of disappointing economic data and last week’s inflation numbers that read below expectations. Against this background, investors have been turning away from the
US Dollar Hits 2.5-Month Low in Early Monday TradingThe US dollar touched a two-and-a-half-month low during early Monday trading, reflecting the consensus amongst market participants that the Fed has reached the end of this hiking cycle. US economic data released over the last weeks showed a slowdown in activity, in a dynamic that culminated with a l
US Dollar Stable in Narrow Range with Major CurrenciesThe US dollar is trading within a narrow range in relation to other major currencies as Thursday’s session gets underway. The greenback appears to have found support, as economic data released on Wednesday showed the resilience of the American economy, with retail sales figures for October exceeding
The US dollar had its worst session in a yearThe US dollar had its worst session in a year, with the index that measures its performance against a basket of other major currencies dropping more than 1.5% on Tuesday. The sudden greenback weakness was triggered by the release of US inflation data for October, which was softer than expected and r
US Dollar Trades Flat in Early European SessionThe US dollar is trading almost flat as the European session gets underway. Investors are in wait-and-see mode ahead of the release of American inflation data for October later today. In terms of the currency markets, this event will be critical in the economic calendar and will likely impact the di
The US dollar is trading almost flat The US dollar is trading almost flat in relation to other major currencies during early European trading. The greenback lost gas after last week's rollercoaster, framed by the downside created by a dovish Fed meeting and disappointing labour numbers, followed by some hawkish remarks from senior Fede
Stocks traded higher in Europe on ThursdayStocks traded higher in Europe on Thursday, extending yesterday's gains as investors' appetite for risk resurges.
The bearish correction that started this week ended on Wednesday, and bull traders are continuing to pile up their exposure in both treasuries and equities as optimism about a peak in mo
The US dollar hedged up in early Wednesday tradingThe US dollar hedged up in early Wednesday trading and continues to recover the ground lost to other major currencies at the end of last week. After last week’s dovish Fed stance and a disappointing jobs report, which saw the dollar touching a multi-week low, Federal Reserve officials have been work
See all ideas
Frequently Asked Questions
The nearest expiration date for Dollar Index CFD (Jun 2024) is Jun 14, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Dollar Index CFD (Jun 2024) before Jun 14, 2024.