The DXY index is trading slightly higher above the 102.00 level. US yields extend the gradual move down along the curve. Advanced First Quarter GDP, Jobless Claims and Pending Home Sales stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, advances […]
Tag: DollarIndex
US Dollar Index DXY Price Analysis: Further Drop on the Table
The DXY index regains bullish traction and advances above 102.00. A further pullback could retest the 101.65 level in the short term. The dollar regains traction and leads the DXY index to rally above the 102.00 level during the European session on Wednesday. The DXY index remains under pressure and therefore further losses cannot be […]
US Dollar Index DXY Rebounds Above 102.00 Ahead of FOMC
The DXY index finds support near 101.60 so far this week. The absence of traction in any direction is prevalent among American performances. Durable Goods Orders and the FOMC Minutes grab all the attention in the middle of the week. The US dollar index DXYwhich measures the strength of the dollar against a basket of […]
DXY Price Analysis: Next downside target appears at 100.90
DXY accelerates losses and breaks support at 102.00. The 55 day moving average at 100.90 now emerges as the next target. The US dollar index (DXY) is under additional selling pressure and breaks below key support at 102.00, posting new four-week lows. DXY remains under pressure and therefore further losses should not be ruled out […]
USA: Biden affirms that he will not change the strategic policy on Taiwan
When asked if there had been any change in policy after Monday’s comments that the US would engage militarily to defend Taiwana self-governing island claimed by China, the President Joe Biden Said no”. China’s Foreign Ministry warned the US not to underestimate its resolve on Taiwan following Biden’s comments the day before. market reaction The […]
Fed: I expect interest rates to rise close to 2% in August – Esther George
Reuters reported last night that the president of the Federal Reserve Bank of Kansas City, Esther Georgesaid on Monday that expects the US central bank to raise its target interest rate to around 2% in Augustand that the new measures will depend on how supply and demand affect inflation. “Policymakers at the Federal Reserve have […]
USD/CHF Price Analysis: Technical setup points to more pain below 0.9700
USD/CHF flirts with monthly lows below 0.9700 as USD sinks. Risk flows dominate markets amid optimism from China and Europe. The pair heads lower as the daily RSI enters the negative zone. USD/CHF moves lower again this Monday after Friday’s temporary pullback as bears follow the US dollar’s relentless decline across the board. Optimism that […]
DXY Price Analysis: With room for a deeper drop
The DXY index is under pressure and is flirting with 102.00. Immediately below is the 55-day simple moving average. The US dollar index (DXY) further extends the downside and tests support at 102.00 on Monday. The index remains under pressure and therefore further losses should not be ruled out at the moment. Against that, a […]
NZD/USD rallies more than 1% and retraces the 0.6450 level
NZD/USD extends previous gains as USD remains heavy. The RBNZ is on track to raise OCR by 50 basis points at its May policy meeting. Mixed news out of China caps NZD bulls as investors turn cautious. The NZD/USD has hit fresh three-week highs at 0.6476 during the Asian session on Monday, before entering consolidation […]
US Dollar Index: Buyers Remain Targeting 103.00
DXY hovers around the 103.00 area on Friday. US yields remain range bound. US equities reverse some of the recent losses following the PBoC rate cut. The US Dollar Index (DXY)which tracks the USD against a host of its major rivals, alternates gains with losses around the 103.00 area on Friday. US dollar index is […]
