The US Dollar Index fell hard during the course of the session on Wednesday, slamming into the 96 handle. With this, we feel that the markets will
The US Dollar Index fell hard during the course of the session on Wednesday, slamming into the 96 handle. With this, we feel that the markets will probably have pre-significant bearish pressure going forward, so at this point in time we feel that the markets are probably going to remain very volatile. With this, we have no interest in buying or selling this particular contract, but we will use it as a barometer as to how we are going to trade the US dollar against other currencies in the spot Forex markets.
US Dollar Index Forecast August 13, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
