GFM Research

Market CommentaryThe Dollar Index (DX) weakened from 84.50 ranges, and is currently trading at 81.90 ranges with 81.20 acting as important interim support. The bias is weak, although the next leg of...

Market CommentaryThe Dollar Index (DX) is trading weak at 82.60 ranges, with 82.40 acting as interim support and 83.15 ranges acting as interim resistance. The Greenback is trading mixed; it has...

Market CommentaryThe Dollar Index (DX) is trading tight at 82.80 ranges with 83.15 ranges acting as interim resistance. The Greenback is trading mixed: narrow against the Common Currency, the Cable...

Market CommentaryA steep fall was witnessed in the Dollar Index (DX) after testing 83.50 to trade at 82.80, with 82.45 acting as interim support; the index may fall to 82.25 before showing some...

Market CommentaryGreenback traded strong against most of the FX majors on the event of profit taking witnessed in most of the asset classes especially in the benchmark equity index of Dow Jones...

Market CommentaryAfter trading sideways between 84.50 and 83.50 for couple of weeks, the Dollar Index (DX) closed below the support of 83.50 ranges to slip to interim support of 83.00 ranges;...

Market CommentaryThe Dollar Index (DX) is finding resistance at 84.50 ranges again, to correct to 83.60 ranges. The short-term trend is range bound between 84.50 and 83.50. The U.S. dollar depreciated...

Market CommentaryThe Dollar Index (DX) appreciates to trade near the short-term resistance of 84.50; daily close above 84.50 ranges would result in DX appreciating further to 88.40 ranges. The...

Market CommentaryThe Dollar Index (DX) is trading flat after swinging more than 0.50 on either side of the weekly 84.00 midrange. The DX is trading sideways with 84.50/84.60 ranges acting as important...

Market CommentaryAfter an eventful week resulting from speculation that the Fed may ease bond buying in future, volatile trading was witnessed across the asset classes resulting in the Dollar Index...

Market CommentarySpeculation that the Fed may reduce bond purchases led to the U.S. Dollar gaining across the board. This resulted in most of the asset classes succumbing to selling pressure....

Market CommentaryAfter trading strong for most of the European session, the Dollar Index (DX) eventually closed weak, trading at 83.80 ranges. Immediate resistance is observed at 84.50. The benchmark...

Market CommentaryThe Dollar Index (DX) is correcting after hitting intermediate resistance of 84.50; with common currency, the Cable and the Aussie testing respective supports, pullback was observed...

Market CommentaryThe Dollar Index (DX) tested the initial projection of 84.16, after closing beyond previous resistance of 83.50 ranges to trade at 84.00. The benchmark equity index of the Dow Jones...

Market CommentaryAfter the Dollar Index (DX) appreciated from 81.80, it is trading at 83.06 with 83.50 acting as intermediate resistance. A daily close above 83.50 ranges would open room for the...

Market CommentaryThe Dollar Index (DX) continued to appreciate after finding support at 81.80 ranges to currently trade at 83.37. A daily close above 83.50 ranges would open room for the Dollar Index...