Today’s US Equity Market Commentary reviews the week commencing April 2, 2017. The daily Dollar Index chart is showing a confirmed downtrend, despite last week’s close on a positive note. The weekly chart also confirms this trend. On the monthly time-frame, we’re showing pretty sideways movement. The lower time-frames are showing bullish sentiment although on the hourly chart, we can see that this positive movement may be running out of steam. Based on this, we may be able to better plan out our week for trading the Dollar Index and underlying spot currency markets.

      Run time: 8:21 minutes

      US Equity Markets
      The daily Dollar Index chart is showing a confirmed downtrend, despite last week’s close on a positive note. The weekly chart also confirms this trend. On the monthly time-frame, we’re showing pretty sideways movement. The lower time-frames are showing bullish sentiment although on the hourly chart, we can see that this positive movement may be running out of steam. Based on this, we may be able to better plan out our week for trading the Dollar Index and underlying spot currency markets.


      For more from Tamir including a big picture view of the MSCI Emerging Markets Index, please visit ICE Market Commentary.

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