Majors on Wednesday: USD is Back In Vogue - Forex News by FX Leaders

Majors on Wednesday: USD is Back In Vogue

Posted Tuesday, November 28, 2017 by
Rowan Crosby • 1 min read

Morning All,

The US Stock market did what it has been doing lately – and just went up. The Trump Tax cuts are all the focus at the moment for traders are investors and if they end up passing, we can expect a huge run-up in the SPX and the USD.

The Dollar managed to gain some ground after a rough week and it took the majors along for a ride. The US Dollar Index (DXY) is back above 93.00 and there is a bullish feel to it once again.

The strong USD forced a bit of a fall in the EUR/USD, while the USD/JPY was again in focus after North Korea tested another missile over Japan.

Forex Majors

AUD/USD – The AUD is still a decent sell and the strength in the USD will only boost any short trades.

EUR/USD – The Euro dropped back to previous resistance turned support.

USD/JPY – The Yen ran up quite a bit after some two-way action, from the tax cuts and North Korea. We are currently short with an open forex signal.

NZD/USD – The Kiwi looks like it has put in a short-term top.

USD/CAD -The CAD got a bullish uptick, but is still stuck in a longer-term range.

USD/CHF – The Swissy is tracking the USD for the most part.

GBP/USD – There was a wide range in the pound on the back of Brexit talk. Tough to find a trade here today.

US Dollar Index (DXY) – The USD is looking bullish and has rebounded. More to come.


US Dollar Index (DXY) – 240 min Chart.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles

Leave a Reply

Notify of