Forex News
# Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus
The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized.
# Forex: Dollar Traders Monitor The Greed-Fear Equilibrium and QE3 Speculation
While the S&P 500 is hitting record highs and the yen crosses have rallied over 20 percent since the beginning of the year, the most remarkable performance as of late has come from the US dollar.
# EUR/USD Rebound Could Materialize as May PMIs Seek Lift
The Euro gained across the board this week, except against the strengthening US Dollar.
# Weekly Forex Trading Forecast: Will Risk Trends or QE3 Take the FX Reins?
Both the S&P 500 and US Dollar continue to soar to new heights – bucking traditional risk appetite currents. Will the yield chase maintain this unusual mix or will sentiment finally shock the markets back in line?
# Dollar Posts Biggest Surge in 18 Months on the Way to 3 Year Highs
The dollar has exploded higher. Since overtaking the 10,600-mark – the midpoint of the past decade’s range – the Dow Jones FXCM Dollar Index (ticker = USDollar) has posted its biggest two-week rally since November 2011.
# DailyFX Webinar Schedule: Week of May 19, 2013
While US equities continue to press their luck with record highs, we are seeing further and further divergence to the standard expectations on risk trends through the FX market.
# Japanese Yen Bounce Almost Guaranteed, but at ¥103 or ¥110?
A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme. But timing is the only thing that matters in trading—does that happen at ¥103 or ¥110?
# The Dollars Surging, but Why Might it Rally Even Further?
The Dollar has surged to its highest since late 2010. There are some big “ifs”, but if things fall into place the USDOLLAR could rocket even higher.
# Gold Plummets 6% Ahead of FOMC Minutes Bearish Below $1405
Gold remained under substantial pressure this week with the precious metal down nearly 6.4% (its largest decline in four weeks) and further losses are expected as we head into next week.
# Trade Breakouts on the USD
The Dow Jones FXCM Dollar Index is a great asset used to determine USD direction. Today we will review trading breakouts with the current USD trend.