The US dollar index ended on Friday with a distinctly bearish candle for currency options trading on the weekly chart, following the poor NFP data which saw a loss of 85,000 jobs in the US economy for the month. Many analysts had been forecasting a small increase in jobs created, and as result sentiment towards [...]

At times of great change I always feel that it is more valuable to take a longer term view of the markets for currency options trading, and with so much talk of a resurgent US dollar, I thought it would be useful to look at the monthly chart for the dollar index, which reveals in [...]

The US dollar index continued its short term recovery on Friday, emerging from the depths like some half drowned swimmer, exhausted but still alive, and just managing to break the surface for air, or in this case the 40 day moving average, supported from below by some buoyancy tanks knows as the 9 and 14 [...]

For currency options trading, the slide in the US dollar index is remorseless and unrelenting, with the 9 day moving average bearing down heavily on any attempt to turn higher, and with the strong resistance level now firmly established above the 76 price point, there is little in the technical or fundamental picture to suggest [...]

Life continues much the same for the US dollar index, and the US dollar for currency options trading, which seems to show no sign of pausing or reversing the long and unrelenting downwards trend, and in many ways trading is very easy at present, with only only one question that we need to bear in [...]

With the markets closed in both the US and Japan yesterday the dollar index responded by continuing to try to find a platform of support from which to provide a base to rally and reverse its current, long, slow decline.  The 76 price level on the daily index chart seems to be providing a degree [...]

The technical picture for the US dollar continues to get worse with each passing week, with the last five days simply adding to the gloomy picture, and suggesting that last Thursday’s positive up bar, was simply a one trick pony, and unlikely to provide any platform for a sustained recovery in the short term. Indeed, [...]

The usd index received a mild boost yesterday as the forex markets continued to absorb the detail from the FOMC meeting of Wednesday, with the index closing with a wide spread up bar ending the currency options trading session marginally above both the 9 day and 14 day moving averages. Clearly this is a positive [...]

The weekly chart for the US dollar index, really tells you all you need to know about the current state of the US dollar for currency options trading this week, with last week’s narrow spread down bar simply adding further pressure to the bearish picture following the break below the strong support platform which was [...]

For currency options trading today, the weekly USD index chart continues to look extremely fragile with last week’s narrow spread down candle simply adding further pressure to an already battered US dollar. The only positive signal US dollar bulls can take from last weeks trading in the USD Index is that the spread was relatively [...]

Currency options trading fx options weekly outlook on video covering all the major pairs and including the weekly US dollar index which looks increasingly bearish on the weekly chart, and could now go all the way back down to the 72.50 price level in the next few weeks.
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This week has proved to be particularly difficult so far in trading both the currency options market as well as the spot market, due partly to the lack of fundamental news on the economic calendar, and coupled with the long weekend ahead, with many traders closing positions early, and the markets in general trading on [...]

With the raft of economic and fundamental news due for release this week, along with the G20 summit in London, and the Non Farm Payroll figures on Friday, trading currency options provides a safer and more balanced approach to trading currency, than simply opening long or short positions in the spot market. Used on their [...]

This weeks latest video on the outlook for currency options, starting as always with a look at the weekly chart for the US dollar index. The daily chart for the dollar index also provides a different perspective for your currency options trading, with the US dollar weakness continuing in the index this week against the [...]

A weekly view of the currency options market for the major currency pairs, and as always starting with a look at the US dollar index.

We start the week again as usual by taking a look at the performance of the dollar index, to provide the guidance for our currency options trading for the week ahead.

We start the week again as usual by taking a look at the performance of the dollar index, to provide the guidance for our currency options trading for the week ahead.

The weekly currency options outlook on video for the week of 23rd February, and as usual we start with a look at the weekly chart for the US dollar Index.

Another strong performance by the dollar index last week which closed with a wide spread up bar once again making this three in a row and confirming the positive US dollar sentiment across all the markets.   However, whilst last week’s close ended just above the significant 80 level and touched the 200 week moving average [...]

Following 2 strong weeks of performance from the US dollar the question, of course, for this week is whether the index will continue to perform just as well as we begin to approach a significant area of potential resistance on the weekly USD index chart. The reversal higher was first signalled three weeks ago [...]

The weekly chart for the US dollar index remains inherently feeble with last week’s candle closing as a very narrow spread upbar with a small wick to the lower part of the body.  In itself this provides us with little in the way of longer term direction and simply reinforces the previous three weeks which [...]

The US dollar index closed the week with one of its strongest performances for some time, having been given a strong boost from the NFP figures which triggered the rise in the US dollar, ending the the day with a wide spread up candle which breached all three moving averages, and simultaneously breaking above the [...]

The technical picture for the US dollar could hardly be more bearish if it tried, with Friday’s candle once again adding further pressure on the poor old dollar, and despite Ben Bernanke’s surprise intervention last week, shows little signs of receiving any support from anywhere, so the message for currency trading options is to once [...]

If the Fed doesn’t care about the USD then why should we and hence yesterday’s comprehensive rout which has spooked both the Japanese & Swiss as investors flooded into these “safe haven” currencies to the extent that the SNB intervened once the Swissy broke parity.  As always all the action was reflected in the USD [...]

The poor old dollar continues to sag against all the other major currencies as evidenced once again on the daily dollar index chart, with yesterday’s down candle adding to the bearish picture once again and today’s price action driving the index as low as 74.3. The minor ‘rally’ towards the end of last week was [...]

Some welcome relief for the US dollar and the dollar index last week which for once closed higher, a rare occurrence in the last few months, with the weekly chart ending with a relatively wide spread and somewhat isolated blue candle, a lone beacon in a sea of red, with all three moving averages pressing [...]

There always comes a point in any technical analysis of a daily chart, when you run out of things to say, and I am rapidly approaching that point with the Dollar Index Chart, which continues to grind ever lower as each week passes. Thursday’s brave attempt to struggle higher with a wide spread up candle [...]

Tuesday’s bearish signal was duly confirmed yesterday on the US dollar index chart, which ended the currency options trading session with a wide spread down candle, which did at least find a modicum of support later in the trading session, ending with a deep shadow to the lower body. Whilst  one could argue that the [...]