Guide to Investing

Most traders in the FX Market focus on only a few of the pairings available to them. In this series, we’re taking a closer look at these pairs, and how traders might be able to best approach them.

Following two weeks of impressive climb, the Dow Jones FXCM Dollar Index is finally taking a breather. Yet, this pause can prove more painful for the dollar and productive for risk-based assets than the recent reduction in volatility would suggest.

The Dow Jones FXCM Dollar Index closed markedly lower on the session as equity markets took a reprieve from the recent risk sell-off. Here are the levels to watch heading Asia Pacific trade.

Broader risk appetite rebounded early in the week with the greenback mixed in US trade. Key levels in play on the USDJPY andNZDUSD.

The US Dollar slipped overnight but remains well within its overall uptrend as the weekend’s developments prove insufficient to stem ongoing political, economic, and financial crises.

The US Dollar (ticker: USDOLLAR) remains poised to trade to fresh highs against the Euro, Australian Dollar, British Pound, and other major counterparts as forex options market volatility expectations surge.

The Chicago Fed National Activity Index (CFNAI) rose in April, led by improvements in production-related indicators, though remained close to growth trends in U.S. economic activity.

Although we have seen a bit of a bounce in risk correlated markets, there is still no fundamental catalyst to speak of that would encourage such a bounce….