USD Price Outlook: US Dollar Rebound Attempt in Focus 2020-12-22 23:00:00 Rich Dvorak, Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION PERKING UP AS MARKET SENTIMENT SOFTENS
The DXY Index could attempt to extend its rebound if market sentiment stays downtrodden Advertisement
US Dollar bulls made an effort to steer USD price action back higher on Tuesday. This rebound attempt gained more traction than the previous session, which saw the US Dollar flop intraday as stimulus deal optimism fueled bears. The broad-based DXY Index is pacing a gain of 0.66% on the day and looks set to close above its 8-day simple moving average.
USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears 2020-12-21 22:45:00 Rich Dvorak, Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION WHIPSAWS LOWER FUELED BY $900-BILLION COVID AID PACKAGE
USD price action erased gains to finish flat on the session as selling pressure persevered
Mounting coronavirus concerns roiled markets and initially sent the DXY Index higher
US Dollar weakness and risk appetite returned with movement on stimulus, Brexit Advertisement
The US Dollar recoiled lower and wiped out all of its gains on Monday after surging 1% at the start of the trading session. USD price action strengthened initially on the back of growing coronavirus concerns as lockdowns mount and evidence of a new variant roils market sentiment. A sharp advance by the broad-based DXY Index was likely exacerbated by Pound-Dollar weakness. US Dollar bears stood their ground, however, as trader risk
USD Price Outlook: US Dollar Free Fall Reignited by Dovish Fed 2020-12-17 22:30:00 Rich Dvorak, Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION RESUMES SHARP SELLOFF AS FED ECHOES DOVISH POLICY
US Dollar swooned throughout Thursday’s trading session as sellers flexed their muscles
USD price action under pressure with the Federal Reserve underscoring its dovish stance
The DXY Index extended its sharp slide to 32-month lows amid broad US Dollar weakness Advertisement
The US Dollar continued its precipitous decline on Thursday. USD price action weakened across all major currency pairs and drove the broad-based US Dollar Index 0.75% lower for the session. It appears that US Dollar selling pressure has been recharged by Fed bond buying plans detailed yesterday. Prevailing risk trends fueled by Brexit deal speculation, vaccine optimism and fiscal stimulus negotiations likely contributed to US Dol
USD Price Outlook: US Dollar Braces for Fed Decision, PMI Data 2020-12-15 22:30:00 Rich Dvorak, Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION PRIMED FOR VOLATILITY AS MARKETS AWAIT FOMC PROJECTIONS & GLOBAL PMI DATA
The DXY Index gravitated back toward two-year lows largely owing to prevailing risk trends
USD price volatility might accelerate with the Federal Reserve and high-impact data on deck Advertisement
The US Dollar declined against all G10 currencies throughout Tuesday’s trading session. Broad-based US Dollar selling pressure pushed the DXY Index back toward its lowest level in two-years. The resurgence of USD weakness, which follows a feeble effort to form support over the last week, likely comes in response to reports that US politicians have made progress on reaching a deal for the fiscal stimulus deal and omnibus spending package. Broader US Dollar downside was likely exacerba
USD Price Outlook: US Dollar Whipsaws on Fed Bond Buying Plans 2020-12-16 22:30:00 Rich Dvorak, Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION GYRATES LOWER AS FED CHAIR POWELL SIGNALS ASSET PURCHASES TO CONTINUE AT CURRENT PACE
US Dollar went on a roller coaster ride during Wednesday’s trading session as volatility spiked
USD price action edged lower after PMIs then ripped and dipped following the FOMC decision
The DXY Index could resume its grueling decline with US Dollar weakness looking set to persist Advertisement
It was another rough trading session for US Dollar bulls who lacked impetus to sustain a bid once again. The broad-based DXY Index encountered another wave of selling pressure early Wednesday as EUR/USD price action gained on the latest PMI data and the Pound-Dollar extended its rally on the back of Brexit deal speculation. US Dollar weakness was offset slightly owing to a r