The Pummeling Dollar WoW !!! It was out-n-out Murder !!!
Dxy fell precipitously this morning after the Report on the Economy !
It has since made is way back up some but no conformation signaling a uptrend .
The Stoch / Rsi indicator should be able to tell when it or if it establishes a new uptrend or not .
It has since made is way back up some but no conformation signaling a uptrend .
The Stoch / Rsi indicator should be able to tell when it or if it establishes a new uptrend or not .
Comment:
The dollar index reversed earlier gains to trade near 0.2% lower and below 93.3 on Thursday after President Trump suggested delaying November presidential election scheduled, claiming fraud in mail-in voting and as data showed the US economy contracted more than expected and jobless claims rose for a second week. Earlier in the session, the dollar traded slightly higher but close to levels not seen since mid-2018 as investors' risk appetite dampened amid a worldwide spike in coronavirus cases. For the month, the dollar will probably suffer its worst decline decade with a 4.2% dive.
Comment:
DXY The dollar index fell to a fresh two year low late this afternoon:> $92.983 on the back of this morning's disappointing Report on the U.S Economy, and President Trump's Statement.
Suggesting delaying of November's presidential election.
Suggesting delaying of November's presidential election.
Comment:
DXY dropping to fresh two year lows 4:55 pm post market close . $92.92
Comment:
Overnight in the wee am hours DXY Feel to a fresh two year low of $92.54 it has since recovered some to $92.84 as of 6:45 am.
I believe that the Dollar will recoup the losses it suffered in the very near future but holding long the Dollar could be hazard to your portfolio? One must be able to suffer from possible more loses until the bearish trend reverses itself !
I believe that the Dollar will recoup the losses it suffered in the very near future but holding long the Dollar could be hazard to your portfolio? One must be able to suffer from possible more loses until the bearish trend reverses itself !