MNI RIKSBANK WATCH: On Hold, Sees First Cut In May Or June

MNI: Canadian Economy Grows At The Fastest Pace In A Year

MNI China Daily Summary: Thursday, March 28

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI INTERVIEW: Central Bank Credibility To Be Tested In 2024

MNI BRIEF: China Steel Demand Low In Q1

MNI: BAKER HUGHES US RIG COUNT 621; OIL RIGS 506; GAS RIGS 112

EZ/UK Bond Supply Calendar: 2.50% Mar-26 Schatz Due Tuesday

EZ/UK T-Bill Calendar: BE, NL, ESM, FR Auction on Tuesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Winning Strategies On Cusp of Closing USD Short Signals

USD
  • The modest recovery in the USD Index posted since the end of April has raised some questions about the USD's medium-term trend following a particularly weak month for the DXY. Following the near-term bounce, 2021's winning trading strategies are nearing the point of reversal.
  • The most profitable trading signals for 2021 so far are the MACD, all-in reversing Fear & Greed Indicator and the RSI. All three of these strategies appear on the cusp of closing out their short USD signals to switch to either neutral or USD buy signals.
  • For the MACD strategy, the MACD line crossed above the signal line at the beginning of this month, which will trigger a buy signal in the coming few sessions.
  • Similarly, for the Fear & Greed strategy, the F&G signal will soon flip above 0, flagging to cover and go long the USD Index.
  • This may make Friday's Nonfarm Payrolls report even more crucial not just for policy and fundamentals, but also on technical model basis.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.