DXY loses more ground and breaks below 104.00. The continuation of the corrective decline could revisit 102.30. The US Dollar Index (DXY) It breaks the support at 104.00 and falls to fresh 2-week lows at the 103.20 area on Tuesday. Against this, further pullbacks hold up well and could head to next support at 102.35 […]
Tag: DollarIndex
US Dollar Index DXY Extends Correction Below 104.00 Awaiting Powell and Data
DXY breaks below 104.00 amid risk appetite. US yields recover some of the ground lost on Tuesday. President Powell and retail 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, continues its downward correction and breaks key support at 104.00 […]
US Dollar Index Price Analysis: Technical correction could lead to a retest of the 102.35 level
The US Dollar Index (DXY) is under further selling pressure and revisits the 104.30 area. The next downside target is the post-FOMC low around 102.30. The US Dollar Index (DXY) extends corrective decline as dollar breaks out of overbought territory at the start of the week. Against that, further pullbacks remain well on the charts […]
US Dollar Index DXY Struggles to Hold Gains Around 104.50
The DXY index is trading with slight gains around 104.50. US yields are mixed on Monday. New York’s Empire State Index, TIC flows and short-dated bond auctions stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, moves within a narrow range […]
DXY Price Analysis: Bets go up for more raises
The DXY index looks to challenge Thursday’s highs near 105.00. Further upside should target the 105.60/65 region. The US dollar index (DXY) maintains the bullish bias and remains well above the 104.00 hurdle at the end of the week. Considering the current price action, further gains in the index remain on the table and with […]
US Dollar Index Price Analysis: Recovery could now extend to 105.00
DXY’s bullish momentum builds up additional strength. The dollar hits new cycle highs around 104.70. The dollar keeps the supply bias unchanged and pushes the US dollar index (DXY) to fresh 19-year highs in the 104.70 area on Thursday. Considering the ongoing price action, further gains in the index remain good with the immediate hurdle […]
US dollar index DXY extends rally and hits new cycle highs near 104.50
The DXY index is moving higher and remains supported by risk aversion sentiment. Bond demand drags US yields lower. Weekly jobless claims and product prices stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, accelerates your gains and hits new cycle […]
DXY Price Analysis: Sideways Moves Likely to Follow
DXY extends its consolidation at the upper end of the recent range. Immediately to the upside is the 2022 high near 104.20. The US Dollar Index (DXY) is under some selling pressure and falls well below the 104.00 level on Wednesday. After the recent movements, the index could face some consolidation in the very short […]
AUD/USD climbs back above the 0.7000 level ahead of US CPI.
AUD/USD capitalizes on currency flows of risk appetite and a broad pullback in the US dollar. AUD Tracks More Than 1% Rise in S&P 500 Futures The focus is on US inflation, looking for new clues about the Fed’s next move. The AUD/USD is trading above 0.7000staging an impressive recovery from the 22-month low of […]
Fed: Now is the time to react with rate hikes — Loretta Mester
Governor Christopher J. Waller is making comments and traders are looking for something in addition to his “Thoughts on Monetary Policy 2021” speech from last week that could provide more clarity on the way forward for 2022. Waller has been a proponent of rate hikes, but famously said, “We’re not in a Volcker moment,” highlighting […]
