ICEUS:DXM2018   US DOLLAR INDEX FUTURES (JUN 2018)
FOMC meeting later on today and market is in a holding pattern in anticipation of likely rate hikes. Price action has been very narrow and tight, typically indicative of a impending sharp move out of the range.

Technicals support upside for the US Dollar , although seasonally the asset typically sells off March through June. Keep in mind that the trend is still bearish , and any USD longs are speculative, including FX trades. Yesterday's close bumped up against the 38.2% extension from February low and as of this writing is at 89.645. We should see significant movement around, during, and after today's rate announcement.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out