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Dollar Index Daily Chart 5 August 2009

Dollar Index Daily Chart 5 August 2009

Dollar Index Daily Chart 5 August 2009

The markets and traders all took a break from the recent bout of dollar bashing, which despite being on a life support, is still managing to cling onto the 77 price handle.  This current pause is reflected across all the currency pairs as the market now waits for various key fundamental news items on the economic calendar, kicking off today with ADP and crude oil inventories, moves to the ECB rate decision tomorrow and ends on Friday with the Non Farm Payroll.  Any, or indeed all, of these is likely to move the Dollar index substantially, but the technical picture still remains very bleak and bearish for the US Dollar.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.