Top FX Headlines: US Dollar, Japanese Yen Sink as ’Risk On’ Sentiment Surges

Top FX Headlines: US Dollar, Japanese Yen Sink as ‘Risk On’ Sentiment Surges

Is the US Dollar rally over? Developments since FX markets opened up Sunday in New York would suggest that traders may think so. While US President Trump’s comments about starting a global trade war via aluminum and steel tariffs may have been the initial catalyst, knock-on developments have given traders little reason to continue to push the US Dollar higher.
Following the bearish daily key reversal on on March 1, which prevented the DXY Index from clearing the critically important 91.01 level – the 2017 low and resistance following the failed January 15 to 17 morning doji star candle cluster – the US Dollar has fallen back into its downtrend from the mid-January and early-February swing highs.

Click here to finish reading this article on

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

The post Top FX Headlines: US Dollar, Japanese Yen Sink as ’Risk On’ Sentiment Surges appeared first on