News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Dollar Likely to Break to Further Lows for These Key Reasons

Dollar Likely to Break to Further Lows for These Key Reasons

David Rodriguez, Head of Product

- US Dollar failing at key support versus Japanese Yen, Euro at crossroads

- Strong forex correlations to US Treasury Yields help explain Dollar slide

- Until Retail FX sentiment shifts, Dollar’s slow grind lower likely to continue

Charts are viewable below.

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

US Dollar Failing at Key Support versus Japanese Yen

Dollar Likely to Break to Further Lows for These Key Reasons

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.

Retail FX Crowds Happy to Continue Buying into Dollar Weakness

Dollar Likely to Break to Further Lows for These Key Reasons

Data source:FXCM Execution Desk data, Prepared by David Rodriguez

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail distribution list.

Forex Correlations Summary

View forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US Treasury Yields, and Spot Gold prices.

Dollar Likely to Break to Further Lows for These Key Reasons

Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES