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Blog 28/9: USD is recovering

Haynes6EU Posted 28 Sep.  in #Trader's blog #USD Index
Hi Traders,
USD is recovering strongly after hawkish comment from Fed members and signal to rate hike and reduce the Fed's balance sheet. Market is buying back USD and try to rebalance short USD position. But I think that recovering process should be limit to wait more information in next several months. Let's see currency index chart:
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Blog 4/5: USD index has been stop falling but could it rise again?

Haynes6EU Posted 4 May  in #Trader's blog #Usdx #USD Index
Hi Traders,
FOMC statement and FED fund rate released yesterday, there is less impact on USD index this times. The daily chart of USDX shows index has been stop falling and now balanced at bottom. I will watch closely for sign of dollar bid, it may oscillate increase in near-term.
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