The US Dollar stays afloat and sideways after lackluster Monday trading. The US economic calendar features Business Optimism numbers. The US Dollar Index stays afloat above 104.00 despite rather dovish-tilted comments from both Fed’s Goolsbee and Kashkari. The US Dollar remains afloat after a very lackluster start of the trading week.
US Dollar Index Technical Analysis: Chopping up the joint The US Dollar Index is back at it, testing the nerve of bigger hedge fund and institutional traders, while retail traders are being squeezed and stopped out again. It looks like this push-and-pull is not ending anytime soon until at least one of the major central banks will start to cut. Range trading is the right approach yet again with the US Dollar Index heading sideways and being trapped between 102.00 and 105.00 for another week.