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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • EUR/GBP: Eyes on Breakout Levels – Euro vs British Pound Price Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-gbp/2020/01/27/EURGBP-Eyes-on-Breakout-Levels-Euro-vs-British-Pound-Price-Forecast-MK.html?CHID=9&QPID=917714 https://t.co/edpRaQdr0o
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 0.63% Silver: 0.50% Oil - US Crude: -1.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VzWHFbYinm
  • The $NDX suffered its largest gap lower since May 13 this morning https://t.co/mks3yIKrnU
  • The $EURUSD sell-off from the start of the year continues with the pair hitting 1.1027.Get your EUR/USD technical analysis from @nickcawley1 here: https://t.co/9B2m0kmd4d https://t.co/QLYqZZBRn1
  • 🇺🇸 USD New Home Sales (MoM) (DEC), Actual: -0.4% Expected: 1.5% Previous: -1.1% https://www.dailyfx.com/economic-calendar#2020-01-27
  • Oil Slammed, S&P Futures Fall; Risk Aversion Runs on Coronavirus Fear https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/01/27/wti-crude-oil-slammed-spx-500-futures-fall-risk-aversion-runs-on-coronavirus-fears-js.html https://t.co/DJuYpAi4dv
  • 🇺🇸 USD New Home Sales (MoM) (DEC), Actual: -0.4% Expected: 1.60% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-01-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in US 500 are at opposite extremes with 70.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/R64Ez2q41K
  • Oil production is down over 75% https://t.co/D8McjvUMYv
  • Libya's NOC says oil production is at 262kbpd, adds that production could fall to 72kbpd #OOTT
US Dollar Poised for Fresh Lows in April

US Dollar Poised for Fresh Lows in April

2012-03-29 14:44:00
David Rodriguez, Head of Product
Share:
ssi_table_story_body_Picture_5.png, US Dollar Poised for Fresh Lows in April

The US Dollar (ticker: USDOLLAR) may soon break lower against the Euro and Japanese Yen, while clear trader indecision suggests that the British Pound/US Dollar pair could have set an important top near the $1.5990 mark.

We have consistently called for US Dollar weakness against key counterparts, but the Greenback refuses to break to fresh lows as the month of March has produced consistently lackluster currency moves. We may need to wait for the new month of April to bring a change of pace and fresh trends.

As it stands, the US Dollar’s failure to break above key resistance suggests it could decline when and if currencies enter new trends through the month of April.

View an FXCM Expo presentation on the Speculative Sentiment Index for better understanding on how we use it in our trading.

ssi_table_story_body_Picture_6.png, US Dollar Poised for Fresh Lows in April

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES

News & Analysis at your fingertips.