|Day's Range||97.59 - 97.65|
|52 Week Range||95.16 - 99.67|
Nuveen Chief Investment Strategist Brian Nick joins Yahoo Finance’s On The Move panel to discuss emerging markets going into 2020 and where investors should be paying attention.
Based on Friday’s close at 97.359, the direction of the March U.S. Dollar Index on Monday is likely to be determined by trader reaction to the main 50% level at 97.375.
The Aussie and Kiwi were also underpinned by the inking of the trade deal, but domestic economic concerns limited gains as well as increasing chances of central bank rate cuts. Demand for higher-yielding assets drove the Japanese Yen lower.
Thursday starts with the weakness on the American Dollar and new all-time highs on the SP500. The second part should not be a surprise but the weakness of the USD is something new in the 2020.
Even as we write this post, the US Stock Market continues to push higher as global traders and investors pour capital into the continued US rally. The strong US Dollar continued to attract capital from around the globe and with fresh earning about to hit from Q4 2019, investors are expecting another round of solid income and earnings growth.
On Wednesday, the March U.S. Dollar Index plunged when it crossed to the weak side of a downtrending Gann angle at 97.075 and the main 50% level at 97.035. The retracement level and the Gann angle are new resistance.
Our proprietary leading indicator, Credit Impulse, which tracks the flow of new credit from the private sector, is at a turning point. We expect that global credit impulse will become positive in the coming quarter, which confirms our positive narrative for the global economy in 2020.
There were very mixed headlines to start the day. US drafting rules to block more sale to Huawei while China vows to punish firms who infringe on trade secrets, according to the New York Times. But I think after two years of trade war noise, hopefully the markets have learned to take all the bluster with a grain if not a barrel of salt.
Based on the price action this week and the current price at 97.095, the direction of the March U.S. Dollar Index on Wednesday is likely to be determined by trader reaction to the intermediate 50% level at 97.035.
Today, we will analyze the technical situation on three currency indexes. Analyzing an index is a great option to check the general sentiment towards one particular currency. We can later use it to trade many other interesting instruments.
The mood across financial markets continued to brighten on Tuesday amid signs of further goodwill between the US and China ahead of the “phase one” trade deal signing ceremony.
Based on the price action the last three days and the current price at 97.095, the direction of the March U.S. Dollar Index the rest of the session on Tuesday is likely to be determined by trader reaction to the 50% level at 97.035.
China’s trade surplus widens ahead of tomorrow’s signing. It remains to be seen whether the numbers will catch the President’s eye…
Last week was week of comebacks. It was a week of small, mid-term corrections, going against the main long-term trend. Corrections are useful, they create an occasion to jump in into a trade for those who were initially late. Thanks to corrections, they can open trades with more desirable prices.
How good was 2019 for the precious metals market? It definitely brought quite some excitement to the arena. In today’s article, you’ll learn more about the most important gold price drivers in 2019. This analysis will help you better understand the gold market, and draw the right investment conclusions for 2020.
Based on the early price action, the direction of the March U.S. Dollar Index futures contract on Monday is likely to be determined by trader reaction to the 50% level at 97.035.
The Pound is in focus today, with key stats to influence sentiment towards BoE monetary policy. Brexit will also be in focus on the day.
Based on the early price action, the direction of the March U.S. Dollar Index on Friday is likely to be determined by trader reaction to the 50% level at 97.035.