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Charts: Trading View US Dollar Index: According to the US Dollar Index, the US dollar wrapped up the week on the ropes, shedding more than 1.0%. Month over month, however, the buck trades 0.3% lower, poised to snap a four-month bullish phase, shaped by way of a monthly long-legged doji indecision candle. Overall, the technical […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Remarkably, aside from May, the US dollar has pencilled in successive monthly gains in every month this year, adding 17.5%, year to date. The month of September rallied 3.2%, the largest one-month rise behind April’s eye-popping 5.0% advance. The first full week of October also wrapped […]

FP Markets has been awarded the “Best Global Value Broker 2022” for an unprecedented 4th consecutive year. FP Markets claimed two further awards for “Best Forex Partners Programme” in Asia 2022 and “Best Forex Broker” in Europe 2022.   The Global Forex Awards 2022 celebrated its 5th ceremony on Thursday 22 September 2022, at the glamorous […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: The US dollar—measured by way of the US Dollar Index—staged an impressive rally last week, adding more than 2.0 per cent and recording its largest one-week advance since March 2020. Following a test of an ‘acceleration’ trendline support on the daily chart a week prior (drawn […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Snapping a two-week correction, the US dollar—according to the US Dollar Index—staged a spirited recovery last week and added 0.7 per cent. Upside interest initially developed following a retest of the 50-day simple moving average at 105.28 (moving averages can [and often do] deliver dynamic support […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: It was another lousy week for the US dollar, shedding 0.7 per cent against a basket of six major currencies, including the euro. Despite two successive weeks of downside for the US Dollar Index, the greenback finished July higher by 1.0 per cent, though considerably off […]

July 13, 2022: FP Markets introduces a new asset class based on CFDs with underlying assets in a variety of ETFs. FP Markets has added ETFs CFDs to its wide range of over 10,000+ products available to trade on the global markets.  ETFs are a type of pooled investment security traded on a stock exchange […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: Against a basket of six international currencies, the heavyweight US dollar continued to outperform for a third consecutive week, adding 1.0 per cent and refreshing two-decade tops to 109.29. In what seems an unrelenting bid, momentum, however, appears to be subsiding. Displayed through the relative strength […]

Charts: Trading View (Italics: Previous Analysis) US Dollar Index: It has been a good week for the US dollar, muscularly refreshing two-decade tops to 107.79 and adding 1.7 per cent. Despite another healthy performance, daily flow wrapped up the week in the shape of a ‘shooting star’ candlestick formation (bearish signal), inches from the lower […]