$USDX $DXY U.S. Dollar Index (Analysis) 21Aug2016

The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies. - Investopedia

 

Dollar Index

 

The US Dollar Index (daily) close inside bar last week at lower trend line and previous broken support zone showing indecision. Big speculator long contract at 35,849 adding 3,350 from previous position vs short contract 19,378 adding 2,648 from previous position. Economics data that can affect to the dollar next week are Home Sale and Second Quarter GDP result. Knowing currency strength and using quant for good entry give us some edge.

~ CM


 

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