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Live Forex Trading Room DXY Bulls Back At The Table Plus BTC Longs

DXY Bulls Back on Table + BTC Longs!

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After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell's harsh comments about the US economy,…
Dollar Slips After FOMC, What's Next?

Dollar Slips After FOMC, What's Next?

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Opposed to Powell's last speech, his speech today was without a doubt dovish in tone. This had caused the Dollar to go from consolidating to being down -0.50% for the day. Although the interest rate will stay at <0.25% as it has been for…
DXY Creates New Low, Majors Rise?

DXY Creates New Low, Majors Rise?

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After ending last week with three consecutive selling days, the Dollar has opened up this week with a bullish response. It's tough to say if this is here to stay, or if more downside is on the way. After opening bullish last week, the Dollar…
BTC to 60,000 and Oil Longs Pending

BTC to 60,000 and Oil Longs Pending

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As the Dollar tries a last-minute surge to the upside, many of the cryptos and commodities are extending their gains. Bitcoin to 60,000 looks fairly likely and Crude Oil longs are almost ready to go. Earlier during the New York session, the…
US Dollar Selloff + US Oil to $77 Per Barrel

US Dollar Selloff + US Oil to $77 Per Barrel

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After failing to bounce from 91.90, the US Dollar Index is set to fall lower. While the majors gain on the Dollar, US Oil is starting to set up for a perfect buy to $77 per barrel. The Dollar is finding it rather hard to stay afloat despite…
Dollar to Rebound From 91.90? Majors Rise

Dollar to Rebound From 91.90? Majors Rise

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The Dollar is in a tough spot as sellers continue to force the index lower. A possible area where the DXY can rebound is 91.900. If it fails to do this, we can see many majors start to rise once again. After the passing of the 1.9 trillion…
DXY Retraces, More Upside Expected

DXY Retraces, More Upside Expected

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After a surge to open up the trading week, the US Dollar Index has retraced considerably. Currently, price is resting at 90.900 with price action suggesting another push to the upside. As far as technical analysis is concerned, the US Dollar…
Dollar Surges After Powell's Speech - Time for a Reversal?

Dollar Surges After Powell's Speech - Time for a Reversal?

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After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…
Dollar Recovery Likely + USDJPY Swing Long

Dollar Recovery Likely + USDJPY Swing Long

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The Dollar is up for the day to start the Non-Farm Payroll week. Current forecasts suggest positive job numbers, which should lead to further upside for the Dollar. Although the unemployment rate is expected to increase to 6.4%, the US economy…
GBPUSD and NZDJPY Swing Longs Active For Next Week!

GBPUSD and NZDJPY Swing Longs Active For Next Week!

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As expected, the US Dollar Index took a tumble and went as low as 90.170 for the day. Price action analysis forecasts further Dollar weakness for next week. As a result of the weakening Dollar, the Pound has started to resume its previous…