United States Dollar Fundamental Analysis(including USDX)

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US dollar finally strengthened in late trade on Wednesday (9/11) after Donald Trump rose to US President 45th, back in retreat continued market concerns will be the next American government policy. The market was optimistic on the trading session to consider America's first speech Trump so chasing the dollar back.

But fears are not finished with Fed plans to raise interest rates this year appeared on the surface after seeing the vision and mission of the previous Republican president who impede the plan. Seen from an index that indicates a potential Fed rate hike decreased from 70% to 50%.

Responding to these conditions and the dollar as well strong projection which driving the force on today's trading of some economic data that is less stable makes many of its main rivals made a strong foothold as euro and yen, in which the two rivals have experienced selling pressure is quite big in 4 consecutive days.

Economic data to be released tonight in the form of periods of unemployment claims data last week indicating data less encouraging with a rise in the index of the previous period. To plan the next Fed rate hike might get a strong signal from James Bullard speech in St Louis Fed event held today.

The dollar index, which measures the strength of US dollar against six major currencies trading opened weak at 98.64n the trade of Asia session this index actually move near the range of 98.34.

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US dollar was scored daily gains during this week got the wedge to further Rally at the end of trading this week (11/11). Because since the beginning of the Asian trading session the dollar came under pressure despite selling just received a steady expectations of Donald Trump's election as US president. Trump believes the market is able to lift the US economy with the support of the Fed rate hike.

 

Dollar get support from rising US government bond yields to respond to market confidence in the leadership of the next Trump supports increased investment into the country. The US dollar tumbled badly when counting US Presidential election won by the candidate of the Republican party.

 

Against its main rival, the only US dollar weakened against the Yen, Swiss franc and sterling only. Other rivals hit sentiment weakened leadership expectations depress investment Donald Trump Asia and Europe.

 

In US session the US dollar is expected to be strong again that receive such positive sentiment bebeberapa release UoM consumer sentiment data and a speech Fed officials Stanley Fischer. Speech Fed officials are expected to give a hawkish comment and give a strong signal for a Fed rate hike.

 

The dollar index, which measures the strength of the US dollar against six major currencies trading opened weak at 98.76 positions, and the European trading session the index in the range of 98.69.

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Profit taking market against US dollar which has reached the highest position throughout the year continued into the European trading session the second day this week (15/11). US Dollar which previously held high sentiment supported by market optimism will reign Donald Trump, was also trimmed by the strong catalyst activator of some of its main rivals.

 

As against the euro on European session of the few economic data releases either already reported or not mostly showed positive data over the previous period. It made the euro rebound strength increase after six consecutive distressed hair. On America's trading session later is expected to receive some of the positive sentiment from US economic data were released as retail sales data, New York manufacturing data and import prices.

 

All of these data indicated that the data show the positive and can help restore the strength of the US dollar trimmed since the Asian session. The dollar index, which measures the strength of the US dollar against six major currencies opened weaker trading at the position of 100.01 , and now the index is keep moving at around 99.63.

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The hawkish FOMC minutes release and the data on durable goods orders in October has made the US dollar mastered forex market trading to enter the European session on Thursday (24/11). The second catalyst is a strong activator of the added confidence in the market the Federal Reserve will raise interest rates at their last regular meeting in December this year.

Sentiment Fed rate hike is very steady sentiment amplifier provides power to drive the US dollar throughout the year to reach the highest position in the last 13 years. In the FOMC minutes last night said the US central bank was ready to normalize monetary policy has long been lax until the first decade.

The US dollar therefore very confident will continue speeding up the end of the trading session the night though with less liquid trading due to exchange holiday. As the market focus throughout the day waiting for the release of the German Ifo Business Climate for a while longer.

The dollar index, which measures the strength of the US dollar against six major currencies on European trading session was moving in position of 101.89, after trading the Asian session opened at 101.68.

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Since US market holiday on Thanksgiving Day, US dollar strength cut slowly and enter the European trading session on Friday where it was weakened against many of its main rivals except GBP. The decline in US bond yields make the post-holiday market stock exchange to sell the key global currency.

Sentiment for Fed plans to raise interest rates in December still provide power for the dollar to move positively until Asian session. Markets choose profit-taking against the dollar weigh less strong catalyst driving the dollar at the evening session. 

Economic data to be released in the US session is an activator of the minor so it is difficult to provide recruits for the US dollar. The dollar index, which measures the strength of the US dollar against six major currencies European trading session was moving in position of 101.32, after opened at 101.71.

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In the end of late seesion last week, US Dollar fell from its highest level in 13 years ago. But on a weekly basis are still able to strengthening against its main rivals on a weekly basis except weakened against safe havens such as the yen exchange rate and swissfranc.

Last week the US dollar is getting speeding from the previous week's trading by sentiment power rate hike in December the US central bank. The sentiment was intensified after reports that hawkish FOMC minutes and also some positive economic data support.

This week, US dollar is expected to grow stronger with many major mover catalyst which will be released this week and bolster sentiment Fed rate hike as the data prelim Q3 US GDP and non-farm payrolls in November. Both the data is expected to show the data that increased from the previous period.

The dollar index, which measures the strength of the US dollar against six major currencies last week's trading ended at 101.48. Seeing movement throughout November has been move strongly about 3 percent. This week generally USDX is expected to move in the range of 101.56 to 102.12 as resistance.

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The US Dollar is moving strongly since the beginning of the Asian trading session on Tuesday (29/11), the oncoming trying to cut the attenuation experienced during two consecutive days. The dollar gained strength of sentiment Fed rate hike in December, which will be strengthened by the USA GDP prelim report third quarter of this year.

Prelim GDP data that will be reported to the Statistical Office of the US in the evening session data expected to show increase from the preceding quarter. US second quarter GDP was in a position of 2.9%, while expectations for the report tonight at position 3%.

Against its main rivals until the European session, monitored strengthen the movement is still limited. Because in this session there is some economic data mover that is strong enough to lift the euro and sterling exchange rates.

The dollar index, which measures the strength of US dollar against six major currencies European trading session was moving towards around 101.25, after trading the Asian session opened at 101.15.

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US dollar rebound since the Asian session trading Wednesday (30/11), is still able to maintain its position outrank some of its main rivals in the European session. On fears the global stock market pending the outcome of an OPEC meeting in Vienna-Austria for 2 days, sentiment Fed rate hike in December is still a reason to collect dollars.

After three consecutive days experienced considerable selling pressure, the US dollar today trying hard to steal the attention of the market with ADP Employment Change data release in November in the evening session is the key NFP data release on Friday. Data previously released US Prelim Q3-2016 increased above expectations, but failed to captivate the market.

This week's data releases prelim Q3 GDP and NFP United States in November expected to be a strong signal to enable the Fed to raise interest rates at their last regular meeting in December this year.

The dollar index, which measures the strength of the US dollar against six major currencies European trading session was moving towards 101.09, after Asia session opened at 100.93. If ADP data showed a significant increase in the data, the US dollar may be strong to survive until the end of the session. This data is expected to show an increase were thin.

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US dollar having a negative movement since Asia session on Thursday (1/12), is still comfortably in the red zone after earlier trading sentiment rebounded strongly by OPEC agreement crop production of crude oil and also the consolidation of the data of US employment in November. Dollar still is not moving because of the strong positive sentiment from many rivals such as the euro, sterling, and aussie swissfranc.

Sentiment by Fed rate hike in December reinforced by solid US GDP data is prelim Q3-2016 and also the performance data of the domestic labor market, is still not able to fight some of the rival sentiment as data releases manufacturing and service PMI Europe.

The majority of the data reported Markit manufacturing PMI for the euro zone countries show an increase in the data exceeded expectations except the UK who actually experienced a decline below expectations.

The dollar index, which measures the strength of the US dollar against six major currencies on European trading session was moving at 101.26, after on Asia session opened at 101.56. If the data unemployment claims and US manufacturing data showed a significant increase in the data, the US dollar could rebound and outrank the market during the American session.

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After pressure from Asia session continued , the US dollar live conditions of the European session on Friday (2/12) trying to get out of the red zone. Power to rebound began to come slowly by market sentiment among US non-farm payrolls in November as a strong driver of the US dollar.

Market consensus expects that NFP data that can add energy to the Fed to raise interest rates in December showed an increase in the data from the previous period. Previous data resides in 161K and market position expected at 175k position, so there is no reason for the market to hunt for dollars back.

But sentiment data, which is usually a very fast lift the US dollar, but this afternoon was slow to accept the pressure of the fundamental strength of its rivals. Observed only dollar rose against the euro and swissfranc, due to fundamental weakness of his rival.

The dollar index, which measures the strength of US dollar against six major currencies in European trading session were around 100.93, after trading on Asia session opened at 100.94.

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Once depressed during two consecutive days, the US dollar weakened last week weekly print the first time managed to rebound strong and weakening the previous cut. Power rebound currencies that have strong fundamentals this month weakening momentum gained from rivals such as the euro and the kiwi dollar.

EUR fell quite badly monitored begin trading the Asian session by the failure of the referendum Italy last weekend, because the EURUSD hit Italian Prime Minister Matteo Renzi retreat due to failure in the referendum yesterday. Additionally NZD struck and burdened by the resignation of Prime Minister John Key of New Zealand as a sudden and surprise the market. After the announcement of New Zealand currency fell by 1 percent cut rally two consecutive days earlier.

For fundamental drive the dollar throughout the day will come from both the PMI services report by the ISM as well as by Markit. This data is expected to show a positive report and prop up the US dollar rally in the evening session. The dollar index, which measures the strength of the US dollar against six major currencies on Asia session traded at 101.43, after in early trading opened at 100.67 and closed at 100.66 weekends.

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Ending the American session forex trading a few hours ago, the US dollar scored strong rebound against all major rivals by a rise in US bond yields from the previous trading. Rising bond yields are lifted by sentiment plans Fed rate hike next week in the last FOMC meeting this year.

Besides of that, US dollar rebound power was also obtained from the data release of the country's factory orders in November that period increased significantly although overshadowed by the growing foreign trade deficit the United States in October.

This morning US dollar was observed to return a positive move in the green zone by sentiment of Fed rate hikes and to the fundamental driving force of dollars at the evening session are the data that is Jolts Job Openings minor. This data is expected to show an increase in the data from the previous period.

The dollar index, which measures the strength of US dollar against six major currencies in Asian trade is at 100.48, after in early trading opened at 100.45 and closed at the end of the previous trading at 100.44.

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Step into forex trading on Asia session on Thursday (8/12), the selling pressure against the US dollar continues ahead of the announcement of the policy meeting of the European Central Bank (ECB) before the end of 2016. US dollar fell a quarter percent responded ended downs yeld or returns US bond yields.

In the end of US stock trading early this morning, monitored the country's government bond yields fell. 10th bond yield fell to 0.003 bp to 2.34%, as well as to bond the 30th dropped 0,003 bp to 3.02%. In terms of economic data, the data indicates data jolts lower than the previous period.

This morning the US dollar observed a negative move in the red zone against all the major currencies of the world. And for data mover strong dollar at the evening session showed negative data and weaken the pace of the world's major currencies. The dollar index, which measures the strength of the US dollar against six major currencies weakening on Asia session at 99.99, in early trading after opened at 100.22.

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After a successful exit from the pressure with a leap of energy tepering ECB decision yesterday, the US dollar has the confidence to finish off this week's trading again dominated the forex market. And entered the Asian session on Friday (9/12) observed dollar strengthened against all its major counterparts.

Previous trading day, US dollar managed to rebound in the evening session after Mario Draghi announced monetary policies did not change interest rates and extend their stimulus program until the end of 2017. Sentiment was automatically provides power for sentiment Fed rate hike next week, market confidence in the Fed's decision by the end of the year making the US dollar continues to be above the 100 range.

But the pace of the US dollar is still overshadowed by the movement of crude oil prices could lift rates higher commodity. At the American session yesterday one of the commodities exchange Canadian dollar or loonie dollar managed to rebound by impulse strong rally in crude oil prices during trading yesterday (8/12).

For further movement on this day, the US dollar is still able to rally with a Fed rate hike sentiment that helped release the plus Prelim UoM consumer sentiment data. The dollar index, which measures the strength of the US dollar against six major currencies traded at 101.25, after earlier trading opened at 101.06.

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Entering the second day forex trading this week on Asian session it seems that US dollar still weak and have limited movement after earlier trading dropped quite badly against many of its main rivals. Earlier in the week (12/12) experienced profit taking amid quiet the strong fundamental data mover and also rival the US dollar.

Weakening happened this morning going by the tug of war between sentiment sentiment where it expected Fed rate hikes decided tomorrow and the consolidation of the Chinese economic data that exceeded expectations. There is also the fundamental data releases some of its rivals are pretty strong.

Against rivals, are also being monitored natural consolidation of the doubt to invest in Asian markets today. But moments later the movement of its rivals are expected to climb if sentiment continues to rise in Fed rate cut. For the release of economic data is strong enough influence US dollars at the evening session only US import price data for November.

The dollar index, which measures the strength of the US dollar against six major currencies in Asian trade is at 100.96, after in early trading opened at 100.95. Previous trading dollar closed at 100.94 positions.

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US central bank decided to raise interest rates at the end of this year, and the US dollar very much look forward to rising to the highest in 13 years. In FX markets, the Fed's decision most adversely affect the yen as US bond yields soaring.

The results of FOMC meeting which lasted for two days agreed all high-Fed officials raised their benchmark interest rate by 25 bp to 0.75%. This increase represents the increase delayed after the end of last year is projected to rise as much as 3 times.

Adverse effects for other currencies, yen falls to 8-month lows, the euro fell to its lowest in 22 months, the pound fell to its lowest in 12 days, the Australian dollar fell to its lowest in 12 days and swissfranc fell to its lowest in 14 months ,

The dollar index, which measures the strength of US dollar against six major currencies in Asian trade is at 102.37, after in early trading opened at 102.02. Previous trading dollar closed at 102.02.

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The surge of US dollar after receiving a strong power of a Fed rate hike and also the announcement of the next three interest rate hikes in 2017 only lasted for one trade only. Because in the last day forex trading this week, the European session saw US dollar retreat from the highest peak of the latest in 13 years.

US dollar also experienced trading profit taking against many major rivals except the Canadian dollar natural attenuation due to the falling price of crude oil. Canadian dollar or loonie more dominant dollar driven by developments in crude oil prices as the commodity exchange.

US dollar awaiting the development of the property sector data release United States that is data on housing starts and building permits in November. Both the data is expected to show can not provide power for USD. The dollar index, which measures the strength of the US dollar against six major currencies in European trading session were at 102.85, after in early trading opened at 103.12.

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Entering the early Asia session US dollar opened slightly higher from the end of the previous trading moves only toward consolidation with the strengthening exchange rate of the British pound and the Japanese yen. Observed this morning trading weaker against the euro exchange rate, swissfranc, Australian dollar and Canadian dollar.

Euro and swissfranc rate rose as a safe haven after the incident alleged terrorist attack in Germany which led to 50 people were injured and nine people were killed. While the aussie rose by a jump in crude oil prices in early trading.

Dollar weakness against many rivals also got a negative contribution of the decline in US bond yields to trade US session overnight earlier this week. But the strengthening of the dollar at the end of trading last night triggered Janet Yellen hawkish statement about the labor market and rising wage growth.

For the next trade until the American session no data adds a powerful driving force of US dollar rate. The dollar index, which measures the strength of the US dollar against six major currencies in European trading session traded at 103.13, after in early trading opened at 103.13 and closed in the end of trading at 103.12.

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Ending the American session forex trading Wednesday a few hours ago (22/12), US dollar is sluggish since previous session by a very large profit taking against some rivals. Ahead of the Christmas holidays and important announcements economic growth data such large countries tend to release dollar market.

Fundamentally, US dollar is still strong after last week received the great power of a Fed rate hike by 25 bp and a projected increase further in 2017 as many as three times. So that the retreat happens to the dollar tends Technical let alone economic data releases overnight ie data showed existing home sales figures are quite encouraging US economy.

Observed only strong US dollar against sterling exchange rate and the exchange rate due to poor fundamentals of commodities by the currency. Against commodity exchange (aussie, loonie, kiwi dollar), the dollar strengthened due to the drop in crude oil prices since the data US crude supplies increased.

The dollar index, which measures the strength of the US dollar against six major currencies at the end of the American trading session (21/12) tumbled 0.27% and were in position 103.04, after reaching the highest position at 103.38.

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Until last week, US dollar managed to rally for a third consecutive week and reached the highest value during the 14 years against all its major counterparts. The high value of the US dollar against all currencies of the world boosted by solid US Q3 GDP data release before the Fed rate and the projected increase continued in 2017.

 

But sentiment long Christmas holidays for many forex trading makes the market took profits on their portfolios against US dollar. Momentum considerable selling pressure and length which will serve as the foundation for some of its main rivals to rebound and rally hard.

 

And for this week's trading analysts estimated that the dollar index strong bullish consolidation in the range is limited and tends to strengthen. Likewise fundamentally a received power from CB Consumer Confidence data release on Tuesday night and is limited by the employment data Unemployment Claims on Thursday night.

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Venturing forex trading on Asia session on Wednesday (28/12), US dollar fall back in retreat by profit taking after earlier rose by solid economic data releases overnight. The economic data reinforcing the strength of the US economy in 2017 to support the projected movement of the dollar against its main rivals.

Conference Board (CB) released the scores consumers' assessment of the US economy rose in December from the previous month period exceeded even the expectations of a higher score. Scores are reported to CB for the index was 113.7, while the previous period 108.5 109.4 and the expectations of economists.

Profit taking experienced by US dollar made a strong foothold for its main rivals rebound against other currencies exchange rate and commodities became the foundation to continue to rally since previous trading. Observed US dollar only strengthened against Yen by fundamentals.

For the movement of US session tonight, are driving medium for the US dollar from the data release pending home sales. The data is expected to show an increase in bookings growth of existing homes in the US state. The dollar index opened lower end of the previous period and traded at 103.01, and is now trading around 102.95.

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After being depressed on Asia trade, US dollar rose and moved rally received a positive sentiment of the release of the PMI manufacturing data will be reported to the US government and Markit also at the evening session. But Australian Dolar and Great Britain Pound are still persisting in its power by supporting sentiment.

In a few hours Markit will announce a US manufacturing company performance period in December which is expected to show the same data as before. But the US government or ISM will announce the data rate increase from the period of November.

The dollar index, which measures the strength of the US dollar against six major currencies in early European trading session (3/1) experienced a strong rally from the previous session and this index traded at 103.42.

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The movement of US dollar since Asia session was observed to move positively and rose from the lowest position in three weeks overnight trading after the release of hawkish minutes of the results of the FOMC meeting in December 2016. US Dollar experienced a new little bargain hunting against trade with some of its main rivals.

The market began to digest back to economic data main driver of US dollars tis session tonight. In economic releases in the evening session later there are mixed data, with jobless claims data is expected to show steady addition to the ADP data and the ISM non-manufacturing PMI is expected to decline.

The dollar index, which measures the strength of the US dollar against six major currencies in early European session is moving negatively towards around 102.28 after opened around 102.49 on early Asia session.

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The movement of US dollar could rebound since Asia session and was observed to begin trimmed in the middle of Europe session by the negative sentiment on the economic reports in the American session the night. Rival visible is the aussie dollar began to strengthen after a rebound in crude oil prices.

The rate of US dollar over the last 2 months to achieve the highest position in 14 years began to expire at the end of the holiday weekend, and this morning's effort rebound triggered by technical movements are already in oversold point. But the strength of the rebound is limited due to the strong negative sentiment overshadowing the dollar rate hingg American session ends.

In the evening sessions are fairly major driver of the dollar as NFP data release in December, the data of trade balance, unemployment rate data and factory orders in December 2016. Third, data is expected to show the data that is worse than the previous period.

The dollar index, which measures the strength of US dollar against six major currencies on European session moves negatively towards 101.54 after on Asia session the price opened at 101.35 and had reached the highest position at 101.76.

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Starting a forex trading on Asia session earlier in the week, US dollar experienced a weakening weekly with little natural profit taking after the weekend exhibited significantly strengthening trend. Rebound weekend almost cut the previous trading weakening diterangkat by the US labor market conditions are still in line with expectations.

US dollars are sold to the trade with some of its main rivals, except against Yen which was off its financial markets so little sentiment that moves the top currency in the Asian region. For further movement of the dollar is expected to rise overall up to NY session but it seems will be limited by lack of major propulsion trading against many of its main rivals. Additionally sentiment driving rival will provide a strong force to press the US dollar further.

The dollar index, which measures the strength of US dollar against six major currencies at the end of the New York trading sessionrose 0.72 percent to 102.15. While this morning on Asia session it seems that US index move towards 102.20 and 102.19.