Investing.com - Financial Markets Worldwide

USD Trades Mixed While Weak Against EUR And AUD

ByGFM Research
Published 01/15/2013, 12:50 AM
Updated 05/14/2017, 06:45 AM
Market Commentary

The US dollar traded mixed wherein it has traded weak against the euro and the aussie; it continued to appreciate against the Japanese yen and traded flat against the aable. The Dollar Index is trading at 79.50 ranges, near the sideways trading ranges of 79.00-81.00 formed over the last couple of months; the next leg of weakness in the USD is expected only on the DX closing below 79.00 on a daily basis.

The benchmark equity index (DJIA) is trading flat at 13490 ranges with 13600-13620 acting as short-term resistance. Only the daily close below 12400 would put major trend in jeopardy else as the index consistently trades beyond 13600-13700, major rally reinitiates.

Historic correlation between DX vs DJIA suggests the long-term trend is still dollar bearish till the Dollar Index is not closing above 84.50 on monthly basis.
FX Pair
Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.