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2011-Sep-25 22-10 (GMT+02:00) Athens (Dxy) $ Index P&F Chart

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2011-Sep-27 08-34 (GMT+02:00) Athens

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2011-Sep-25 21-23 (GMT+02:00) Athens

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Technical highlights...
Dollar index jumped to as high as 78.79 last week, just shy of 38.2% retracement of 88.70 to 72.69 at 78.80, before closing at 78.50. The strong break of 55 weeks EMA further affirmed that case that whole down trend from 88.70 is already finished at 72.69. We’ll now stay bullish in the index as long as 76.06 support holds. Such rally from 72.69 should extend through 80 psychological level to 61.8% retracement at 82.58 and above.

The dollar index may go sideways...
Market Commentary Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go sideways.

Dollar Index: Resumes Upside Offensive, Risk Set For The 78.87 Level (Index Technical Outlook)...
US Dollar Index: With a reversal of its previous week losses occurring at the end of the week, US Dollar Index is now set to strengthen further with eyes on the 78.87 level.The Index continues to hold on to its medium term theme since turning off the 72.69 level. This has opened the door for further strengthen through the 78.87 level and towards its Nov'2011 high at 81.44.

2011-Sep-22 08-42 (GMT+02:00) Athens

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The U.S. Dollar Index Still Dominates Every Market Move
By Nicholas Santiago Sep 21, 2011, 10:02 AM
Traders and investors can look anywhere they want to find out what moves this stock market higher. Some traders are looking at lower bond yields for market guidance, others are looking at the leading stocks Such as Apple Inc. (NASDAQ:AAPL) to see where the markets are headed. The truth of the matter is that the markets are simply moving inverse to the U.S. Dollar Index. Traders can look the chart of the U.S. Dollar Index futures (DX Z1) and easily see the inverse relationship between the dollar and the major stock market indexes. This relationship did not begin today or this week, it has been in place way for ten years. If it is not broke don’t fix it. Sure, there are times when the markets will not trade inverse to the U.S. Dollar Index, however, that will usually happen when the stock markets have extremely light volume. For example, around the Christmas and New Years holidays when the trading volume is extremely light and there are simply no sellers the U.S. Dollar Index will have little effect on the markets. Other then that time the U.S. Dollar Index will trade inverse to the major stock indexes. Learn more...

2011-Sep-21 09-13 (GMT+02:00) Athens

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Traders and investors must follow the U.S. Dollar Index (DXY) very closely. The major stock market indexes are trading inverse to the U.S. Dollar Index at this time. If the DXY declines or pulls back intra-day the major stock indexes will inflate and trade higher. The opposite is true if the DXY trades higher, obviously the major stock indexes will deflate and decline lower.

Some stocks that will generally decline on the back of a stronger U.S. Dollar Index (DXY) will be the United States Oil Fund (NYSE:USO), ConocoPhillips (NYSE:COP), BHP Billiton Ltd. (NYSE:BHP), and Rio Tinto plc (NYSE:RIO). These same stocks will often catch a bid and trade higher on a weaker U.S. Dollar Index. Traders should remember, this market is being moved by the U.S. Dollar Index. Learn more....

2011-Sep-20 10-52 (GMT+02:00) Athens

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REASONS FOR A MAJOR TURN IN THE US DOLLAR
BULLISH DOLLAR

*While the Dollar Index hits multi-decade lows and as the euro continues to trade within striking distance of record highs, savvy investors are beginning to wonder if the current market conditions present a unique opportunity to buy the US currency at ultra-cheap levels.
*However, with the Federal Reserve aggressively cutting rates and talk of an oncoming US recession dominating the airwaves, investors are understandably concerned about buying the beleaguered buck at this time Here are a few reasons why being a dollar-bull may be a good idea this year, even if the United States experiences a serious economic slowdown:
*Here are a few reasons why being a dollar-bull may be a good idea this year, even if the United States experiences a serious economic slowdown: Learn more...