A set of better-than-expected Q1 earnings reports, a marginally improving jobs picture, falling demand for raw materials globally and an increase in central bank interest rate cuts have helped the U.S. Dollar Index (DXY) resume its upward path.

I have included one Elliott Wave count of gold at the very end...it is not important to understand the wave count, just the implied direction, which should be hinted at the US Dollar Index. I was following a pattern for 5 years that changed due to one ...

Article Summary: The US Dollar surge seems like the beginning of a much larger move, and our volatility-friendly and trend-following trading strategies look attractive in the week ahead.

The US Dollar Index is testing the highs from last July, and so far, we seem to be stalling right below the major 84.25 breakout level.

USD/CAD remains at high levels, as the pair continues to flirt with the 1.03 line. In early North American trading, USD/CAD was trading in the high-1.02 range.

HSBC picks Indian rupee as one of two Asian currencies along with the yuan that can hold their own in a climate of sticky JPY weakness, a more moderate pace of Chinese expansion, and increasing debate over Fed's quantitative easing.

Marc's conclusion is as follows: "It serves his interest to indicate it is data determined and that more data is needed, and if this does in fact materialize, we suspect it would be supportive for US Treasuries while weighing on the dollar." ...

He cited the example of Singapore's currency regime - whereby the Singapore dollar trades against a basket of trading partners' currencies in an adjustable band - as an inspiration for Qatar as well as Saudi Arabia, Kuwait and Bahrain, which plan to ...

The Australian dollar was back in favour overnight after the US government was warned it will be downgraded again unless it deals with its debts.

The June U.S. Dollar Index is posting a gain this morning, reversing Monday's weaker trade. The catalyst behind the overnight strength is the weaker Japanese Yen, British Pound and Australian Dollar.