Yesterday I pointed out that some divergence had appeared and that the US Dollar Index may be slowed in its advance, and sure enough, there is some weakness appearing this morning.
Using the standard Macd indicator to detect the divergence, I am sure that several other oscillators will show similar.
This can affect your strategies with several of the currency pairs as they will be adjusting to the US Dollar.
US Dollar Index Forecast August 26, 2014, Technical Analysis - FX Empire
http://news.google.com Tue, 26 Aug 2014 04:53:05 GMT
FX EmpireUS Dollar Index Forecast August 26, 2014, Technical AnalysisFX EmpireThe US Dollar Index gapped higher during the session on Monday, clearing the $82.50 level. With that being the case, the market looks like it's ready to continue to go all ... Read more ...
This article from Bloomberg has some interesting insights as to how the US Dollar moves in realtion to rates, be sure to have a look.
US Dollar Rallies Precede Fed Tightening Cycles: Chart - Businessweek
http://news.google.com Tue, 26 Aug 2014 01:40:00 GMT
US Dollar Rallies Precede Fed Tightening Cycles: ChartBusinessweekThe CHART OF THE DAY shows the U.S. Dollar Index climbed about 7 percent during periods six to nine months before the start of the previous three central-bank tightenings started in Fe ...
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