The US Dollar Index did very little during the session on Tuesday, as we continue to meander around the 97.50 level. Ultimately, we do believe that the US
The US Dollar Index did very little during the session on Tuesday, as we continue to meander around the 97.50 level. Ultimately, we do believe that the US dollar continues to go higher, but quite frankly there’s so much in the way of volatility and noise at the moment that we are simply not willing to put money into this contract currently. We think that trading the US dollar from a place of strength against other currencies in the spot Forex market may be the way to go. With this, we are bullish, but simply not willing to put money in the market as it is not quite ready to move.
US Dollar Index Forecast August 5, 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.
