Research and AnalysisContinuefx market analysis comes in two distinct forms; technical and fundamental analysis. Discussions have raged since the birth of trading as to which analysis is best, or whether traders should employ a combination of both disciplines, in order to make more informed trading decisions.
The Dollar was lower against other major currencies with the US Dollar Index (USDX) declining by 0.06%. Lower than expected new home sales numbers and Chicago Fed National Activity Index (CFNAI) could have pressured the greenback.
The Russian Ruble (RUB) gained over 1% against the Dollar and USD/RUB was thus at a one-month low. This was supported by the upgrade in sovereign rating by the agency S&P above the so-called ‘Junk’ rating after three years.