Strong consolidation in the forex market – dollar VS euro.

After a series of central bank meetings, the foreign exchange market entered a phase of strong consolidation.

USDX consolidation

This consolidation is clearly visible by the damping fluctuations in the US dollar index – USDX. Continue reading

The key to understanding the current situation in the Forex

Take a look at the 4-hour dollar index (USDX) futures chart. We see very strong consolidation in a narrow range (blue rectangle).

USDXH4-130819
Traders are in a state of uncertainty about the future prospects of the US dollar. Continue reading

The historic FOMC decision – cut rate to 2.25%

For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.

Donald Trump,Jerome Powell

Below is the full text of this historic decision. Continue reading

US dollar – change of the long-term trend? Do not hurry…

The week before last week was marked by the most significant weekly decline in the US dollar index (USDX) for the entire last period of its growth. And this is more than one year.

USDX Weekly-290619

During the entire last year, investors and speculators bought the US dollar at all its falls and were in profit. Continue reading

FOMC rises rates (2.5%) decision from December 19, 2018

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.

Powell-Fed

 Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading

Geometric metamorphosis of the US dollar index (USDX)

The upward trend of the US dollar in recent days has slowed down in its development. Is it just a pause in the foreign exchange market or signs of an approaching reversal?

Technical analysis of the dollar index-111218

Over the past few days, the US dollar (USDX) has been consolidating around the level formed by the previous high on the value of 96.836. Continue reading

Europe challenges dollar dominance

Trade wars and an endless stream of US sanctions force even America’s close allies to work out measures to protect their own financial systems and business.

EURvsUSD

The European Commission plans in the near future to submit its proposals for replacing the dollar in European financial transactions. Continue reading

The dollar fell after another statement by Trump (continued)

This post continues the previous article on Trump Trading. Read it on the link “Can Trump stop the growth of the dollar on forex?“.

The fall of the dollar after a statement by Trump (USDXDaily)

In an interview with Reuters on Monday, President Trump touched on the topic of US monetary policy. Continue reading

Can Trump stop the growth of the dollar on Forex?

On August 8, 2018, the Bloomberg news agency published a very entertaining material entitled “JPMorgan Says Trump May Sell Dollars as Weapon in U.S. Trade War“. Trump-dollar This article (oddly enough) came out on the eve of the fact that the dollar (USDX index) broke through the mirror resistance at 95.00 and left the medium-term consolidation zone. Continue reading

China stopped the growth of the US dollar

The last three weeks, the US dollar index (USDX) is in consolidation.

USDX-Weekly-040718

The dollar index was never able to overcome the key resistance at the long-term level of 95.00. Continue reading