Dollar Index Overall Trend & Short-Term Range

Today’s US Equity Market Commentary reviews the week commencing March 12th, 2017. The Dollar Index is showing a nice bullish pullback on the weekly time-frame. It looks like there could be a potential retest of recent lows though. On the daily time-frame and lower, we’re seeing signs of a more range-bound market near the bottom of its bound. This could provide some short-term bullish action.

Run time: 6:28 minutes

For more from Toby including a big picture view of the US Dollar Index by looking at both the DX contract itself as well as US dollar major trading partners of GBP, EUR, JPY & CHF spot currencies, please visit ICE Market Commentary.

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