Dollar Tone Improves | Forex Factory

  • Dollar Tone Improves

    From marctomarket.com

    The US dollar was broadly higher last week. It seemed as if the inexorable rise in US interest rates may be beginning to give it some traction. The US 10-year yield made a marginal new four-year high, creeping closer to 3%, while the US premium over Germany surpassed 300 bp for the first time. The Dollar Index's four-day advancing streak, which it will try to extend next week, is the longest in two months. It is important to recognize, however, that there has been no breakout yet. The Dollar Index remains in the broad 89.00-91.00 trading range. It did not make a new high for the month. That is to be found near 90.60. ... (full story)

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PlanB
Apr 21, 2018 7:50pm — Edited
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Clue? The CoT? That's a fart. I stopped looking at that report some 11 years back. And as for clues, there are as many as you have living traders. Thing is the market is a mathematically chaotic system and therefore unpredicted by much of what we might ordinarily observe or project. What is required here is an MN breakout by risk - or alternatively a turn down by risk on the same scale. Both reflect market action that anyone can observe and follow. The problem and therefore the frustration is that the market has been threatening those for 13 weeks now with no follow through either end. That is the thing - it is ranging and regardless of where you look the matter is not resolved until that is resolved - in which case, you just follow the run.
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Not-KPMG
Apr 22, 2018 8:26am
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Quoting 2dollardog
DXY is within its accumulation phase. A markup shall follow.
What u talking about??
$$ It's on trendline so may dump a lot or spike up then dump.
Looking to buy E next week or so
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2dollardog
Apr 21, 2018 10:52pm
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DXY is within its accumulation phase. A markup shall follow.
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PlanB
Apr 21, 2018 11:37am
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So it appears - but to what end? Risk is still in an unreversed uptrend versus the $. That is my concern, and no one really knows how this range play will pan out. Moves in range, especially of the sort we have seen now for about 13 weeks - say nothing more than that price can sometimes lapse into confusing noise without letting on how it might trend eventually. Yet trends are the only times a trader can really expect to put good money to good use. Not to mention hope for stable profits with near certainty.
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AnniLi
Apr 21, 2018 9:51pm
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Why is the USD down 8% from when the new Administration took office? Even after several interest rate hikes by the FED and chain rattling about future rate hikes? Currency markets are very good at shorting a bad currency. The strength of the JPY and CHF/EUR continue to suggest safe haven demand is very high but excludes the USD - why? The new Administration has so far failed to convince enough people who matter that the USA is now heading in an appropriate direction under competent leadership. If you can convince yourself otherwise then you could soon see a solid boost to the USD and less pressure for higher interest rates.
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hards
Apr 21, 2018 6:39pm
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Check out Commitment of Traders Report for a clue.
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